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auction, interdependent valuations, risk and some other commonly used concepts. Finally we discuss the theory of contest, as …
Persistent link: https://www.econbiz.de/10010890578
equilibrium in group contests with lottery contest success functions, both under group-level private information and complete …
Persistent link: https://www.econbiz.de/10011103327
We prove the existence of monotone pure strategy Bayesian equilibria in two types of contests between groups under incomplete information: (i) individual-level private information group contests, where each player only knows her own ability, and (ii) group-level private information group...
Persistent link: https://www.econbiz.de/10010902506
We consider a variant of the Tullock lottery contest. Each player’s constant marginal cost of effort is drawn from a … dissipation, however, is higher than in the latter settings if we focus on the standard lottery contest and assume costs are all …
Persistent link: https://www.econbiz.de/10010845603
Persistent link: https://www.econbiz.de/10009401818
Bidding challenges learning theories since experiences for the same bid vary stochastically: the same choice can result …
Persistent link: https://www.econbiz.de/10005588009
We propose a simple adaptive learning model to study behavior in the call market. The laboratory environment features buyers and sellers who receive a new random value or cost in each period, so they must learn a strategy that maps these random draws into bids or asks. We focus on buyers'...
Persistent link: https://www.econbiz.de/10005711699
Victorious alliances often fight about the spoils of war. This paper presents an experiment on the determinants of …
Persistent link: https://www.econbiz.de/10011140958
We study the role of an imbalance in fighting strengths when players bargain in the shadow of conflict. Our experimental results suggest: In a simple bargaining game with an exogenous mediation proposal, the likelihood of conflict is independent of the balance of power. If bargaining involves...
Persistent link: https://www.econbiz.de/10011202941
We investigate the effects of Partner and Stranger matching in contest experiments and find no difference in the level …
Persistent link: https://www.econbiz.de/10010890965