The standard theoretical description of rent-seeking contests is that of rational individuals or groups engaging in …

contests average expenditures converge to equilibrium levels when subjects only get feedback about own earnings, and additional … feedback about rivals' choices and earnings raises average expenditures. In lottery contests information feedback has an …

very different effects depending on the contest structure. We observe the highest rent dissipation in stochastic contests … when players only get feedback on own choices and earnings. In these contests aggregate expenditures usually exceed the …. In contrast, in deterministic contests average expenditures converge to equilibrium levels when subjects only get …

deterministic contests average expenditures converge to equilibrium levels when subjects only get feedback about own earnings, and … additional feedback about rivals’ choices and earnings raises average expenditures. In stochastic contests information feedback …

Standard theoretical prediction is that rational economic agents participating in rent-seeking contests should engage …

The standard theoretical description of rent-seeking contests is that of rational individuals or groups engaging in …

We introduce three variations of the Hirshleifer-Skaperdas conflict game to study experimentally the effects of post-conflict … altogether, often after substantial initial conflict. To attain peace, players must first engage in costly signaling by making …

We introduce three extensions of the Hirshleifer–Skaperdas conflict game to study experimentally the effects of post-conflict … altogether, often after substantial initial conflict. To attain peace, players must first engage in costly signaling by making …

Many resource allocation contests have the property that individuals undertake costly actions to appropriate a … potentially divisible resource. We design an experiment to compare individuals’ decisions across three resource allocation … contests which are isomorphic under risk-neutrality. The results indicate that in aggregate the single-prize contest generates …