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political lobbying process between a firm and a union. The union and the firm bargain over the wage of natives after the number …, the size of the union, the sensitivity of the legislature to lobbying, the reservation of wage of natives, the price of …
Persistent link: https://www.econbiz.de/10005636375
I present a two-player nested contest which is a convex combination of two widely studied contests: the Tullock (lottery) contest and the all-pay auction. A Nash equilibrium exists for all parameters of the nested contest. If and only if the contest is sufficiently asymmetric, then there is an...
Persistent link: https://www.econbiz.de/10011108739
I present a two-player nested contest which is a convex combination of two widely studied contests: the Tullock (lottery) contest and the all-pay auction. A Nash equilibrium exists for all parameters of the nested contest. If and only if the contest is sufficiently asymmetric, then there is an...
Persistent link: https://www.econbiz.de/10010586076
We consider a two-stage contest in which players choose destructive efforts (sabotage) in stage 1 and productive efforts in stage 2. When the value of the prize is sufficiently high, we find that the productive effort of the contestants is independent of the value but their destructive effort is...
Persistent link: https://www.econbiz.de/10010588390
I present a two-player nested contest which is a convex combination of two widely studied contests: the Tullock (lottery) contest and the all-pay auction. A Nash equilibrium exists for all parameters of the nested contest. If and only if the contest is sufficiently asymmetric, then there is an...
Persistent link: https://www.econbiz.de/10010580328
This paper studies sabotage in a contest with non-identical players. Unlike previous papers, we consider sabotage in an elimination contest and allow contestants to sabotage a potential or future rival. It turns out that for a certain partition of players there is a pure-strategy equilibrium in...
Persistent link: https://www.econbiz.de/10010261299
History is replete with overt discrimination on the basis of race, gender, age, citizenship, ethnicity, marital status, academic performance, health status, volume of market transactions, religion, sexual orientation, etc. However, these forms of discrimination are not equally tolerable. For...
Persistent link: https://www.econbiz.de/10010264357
I consider a model in which an asset owner must decide how much to invest in his asset mindful of the fact that an encroacher's valuation of the asset is increasing in the asset owner's investment. Due to incomplete property rights, the encroacher and asset owner engage in a contest over the...
Persistent link: https://www.econbiz.de/10010265975
I study a two-period model of conflict with two combatants and a third party who is an ally of one of the combatants. The third party is fully informed about the type of her ally but not about the type of her ally's enemy. There is a signaling game between the third party and her ally's enemy...
Persistent link: https://www.econbiz.de/10010270600
There are two factions in a conflict. A third-party may choose to intervene by supporting one of the factions. We consider a third-party who maximizes a weighted sum of the welfare of the warring factions and the non-combatant population. In the case of a nonmilitary intervention, we obtain the...
Persistent link: https://www.econbiz.de/10005526843