Showing 1 - 10 of 16
We consider implementation issues regarding two mechanisms that have been used to increase voter turnout in elections: fines and lotteries. We focus on the amount of the fine or lottery prize needed to achieve full participation. We then propose a combined, self-financing mechanism by which the...
Persistent link: https://www.econbiz.de/10010878522
We study a 2-player Blotto game where the n items have asymmetric values. The winner of each item is determined stochastically using a lottery mechanism. We analyze two payoff objectives: (i) players maximize their total expected payoffs and (ii) players maximize their probability of winning a...
Persistent link: https://www.econbiz.de/10010878526
We study two provisional fixed-prize mechanisms for funding public goods: an all-pay auction and a lottery. In our setting, the public good is provided only if the participants' contributions are greater than the fixed-prize value; otherwise contributions are refunded. We prove that in this...
Persistent link: https://www.econbiz.de/10010878537
We study Tullock's (1980) n-player contest when each player has an independent probability 0 p 2 individual equilibrium spending as a function of p is single-peaked and satisfies a single-crossing property for any two different numbers of potential players. However, total equilibrium spending...
Persistent link: https://www.econbiz.de/10005039592
We consider a Blotto Game with Incomplete Information. A pure-strategy symmetric monotonic Bayesian equilibrium is found and its properties are discussed. Key words: Blotto Game, Imperfect Information. Journal of Economic Literature Classification: C72, D72.
Persistent link: https://www.econbiz.de/10005039593
We consider Tullock’s contests with reimbursements. It turns out that the winner-reimbursed contest maximizes the net total spending while the loser-reimbursed contest minimizes the net total spending. We investigate properties of contests with reimbursements and compare them with the classic...
Persistent link: https://www.econbiz.de/10005039594
Persistent link: https://www.econbiz.de/10005795901
Persistent link: https://www.econbiz.de/10005696175
In this paper, we consider K finite populations of boundedly rational agents whose preferences and information differ. Each period agents are randomly paired to play some coordination games. We show that several ``special`` (fixed) agents lead the coordination. In a mistake-free environment, all...
Persistent link: https://www.econbiz.de/10005696198
Lottery and raffle mechanisms have a long history as economic institutions for raising funds. In a series of laboratory experiments we find that total spending in raffles is much higher than Nash equilibrium predicts. Moreover, this overspending is persistent as the number of participants in the...
Persistent link: https://www.econbiz.de/10005696202