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Reputational concerns in repeated rent-seeking contests

Fallucchi, Francesco; Renner, Elke - 2016

We experimentally investigate how reputational concerns affect behavior in repeated Tullock contests by comparing expenditures of participants interacting in fixed groups with the expenditures of participants interacting with randomly changing opponents. When participants receive full...

Persistent link: https://www.econbiz.de/10011456852

Information feedback and contest structure in rent-seeking games

Fallucchi, Francesco; Renner, Elke; Sefton, Martin - 2012

We investigate the role of information feedback in rent-seeking games with two different contest structures. In the stochastic contest a contestant wins the entire rent with probability equal to her share of rent-seeking expenditures; in the deterministic contest she receives a share of the rent...

Persistent link: https://www.econbiz.de/10009618920

Overbidding and Heterogeneous Behavior in Contest Experiments

Sheremeta, Roman M. - Economic Science Institute (ESI), Argyros School of … - 2013

We provide an overview of experimental literature on contests and point out the two main phenomena observed in most contest experiments- (i) overbidding relative to the standard Nash equilibrium prediction and (ii) heterogeneous behavior of ex-ante symmetric contestants. Based on the sample of...

Persistent link: https://www.econbiz.de/10010817423

Can Groups Solve the Problem of Over-Bidding in Contests

Sheremeta, Roman M.; Zhang, Jingjing - Economic Science Institute (ESI), Argyros School of … - 2009

This study reports an experiment that examines whether groups can better comply with theoretical predictions than … individuals in contests. Our experiment replicates previous findings that individual players significantly overbid relative to … individual players. The new findings of our experiment are that groups make 25% lower bids, their bids have lower variance, and …

Persistent link: https://www.econbiz.de/10008556045

The attack and defense of weakest-link networks

Kovenock, Dan; Roberson, Brian; Sheremeta, Roman M. - 2010

This paper experimentally examines behavior in a two-player game of attack and defense of a weakest-link network of targets, in which the attacker's objective is to successfully attack at least one target and the defender's objective is diametrically opposed. We apply two benchmark contest...

Persistent link: https://www.econbiz.de/10010274929

Leaders as role models for the voluntary provision of public goods

Gächter, Simon; Renner, Elke - 2014

We investigate the link between leadership, beliefs and pro-social behavior. This link is interesting because field evidence suggests that people's behavior in domains like charitable giving, tax evasion, corporate culture and corruption is influenced by leaders (CEOs, politicians) and beliefs...

Persistent link: https://www.econbiz.de/10010417195