such as race, gender, or ethnicity is much less acceptable. Why? I develop a simple rent-seeking model of conflict which is …

Two wealth effects typically arise in any contest: i) wealth decreases the marginal cost of effort, but also ii …) decreases the marginal benefit of winning the contest. In this paper, we introduce three types of strategic contest models … depending on whether the first, second, or both wealth effects play a role: namely, a privilege contest, an ability contest, and …

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 … lower expenditures than either the proportional-prize or the multi-prize contest. Interestingly, while the aggregate results …

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 … lower expenditures than either the proportional-prize or the multi-prize contest. Interestingly, while the aggregate results …

potentially divisible resource. We design an experiment to compare individuals’ decisions across three resource allocation … contests which are isomorphic under riskneutrality. The results indicate that in aggregate the single-prize contest generates … lower expenditures than either the proportional-prize or the multi-prize contest. Interestingly, while the aggregate results …