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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 …
Persistent link: https://www.econbiz.de/10010319553
power of Nash equilibrium observed in Tullock contests. In our standard contest treatment, only 7% of choices are consistent … huge behavioral variation typically observed in Tullock contests. …
Persistent link: https://www.econbiz.de/10010332613
We consider a two group contest over a group specific public good where each member of a group has a different benefit from the good. Our model can be interpreted in two ways: Each of the players has a non-linear investment cost in the contest, or alternatively, the returns to effort are...
Persistent link: https://www.econbiz.de/10010336001
Many economic and political decisions are the outcome of strategic contests for a given prize. The nature of such … contests can be determined by a designer who is driven by political considerations with a specific political culture. The main …
Persistent link: https://www.econbiz.de/10010336030
We consider a two group contest over a group specific public good comparing two situations: (i) when all players act independently; and (ii) when the players of each group cooperate. This comparison leads us to the conclusion that it is possible for one group to contribute more (and have a...
Persistent link: https://www.econbiz.de/10010336057
hierarchical contests and comparing the implications of centralized with decentralized governance. Increasing information available …
Persistent link: https://www.econbiz.de/10011653914
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 …
Persistent link: https://www.econbiz.de/10010392399
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 …
Persistent link: https://www.econbiz.de/10010392436
This paper studies a large class of imperfectly discriminating contests, referred to as elastic contests, that induce … definite answers regarding the extent of rent dissipation in Tullock contests with intermediate values of the decisiveness …
Persistent link: https://www.econbiz.de/10011282491
This paper surveys some of the strategic aspects that emerge if players fight in an alliance against an enemy. The survey includes the free-rider problem and the hold-up problem that emerges in the baseline model, the role of supermodularity in alliance members' effort contributions, the role of...
Persistent link: https://www.econbiz.de/10010307683