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coarse performance information lead to bargaining asymmetries. In addition, we find that bargainers' subjective entitlements … subjective entitlements together with the differences in entitlements between better and worse performers influence the whole …
Persistent link: https://www.econbiz.de/10010274419
coarse performance information lead to bargaining asymmetries. In addition, we find that bargainers' subjective entitlements … subjective entitlements together with the differences in entitlements between better and worse performers influence the whole …
Persistent link: https://www.econbiz.de/10010274422
This article examines behavior in the two-player, constant-sum Colonel Blotto game with asymmetric resources in which players maximize the expected number of battlefields won. The experimental results support all major theoretical predictions. In the auction treatment, where winning a...
Persistent link: https://www.econbiz.de/10010265974
This article examines behavior in the two-player, constant-sum Colonel Blotto game with asymmetric resources in which players maximize the expected number of battlefields won. The experimental results support all major theoretical predictions. In the auction treatment, where winning a...
Persistent link: https://www.econbiz.de/10010306996
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
Contest designers or managers who want to maximize the overall revenue of a contest (relative performance scheme) are frequently concerned with a trade-off between contest homogeneity and inclusion of contestants with high valuations. In our experimental study, we find that it is not profitable...
Persistent link: https://www.econbiz.de/10011639356
While numerous experiments demonstrate how pro-sociality can influence economic decision-making, evidence on explicitly … experimental rent-seeking contests. Although, as we show, existing evidence of excessive rent-seeking is in theory compatible with …
Persistent link: https://www.econbiz.de/10010277465
This paper investigates mechanisms for the private provision of a public good which utilize competition to incentivize contributions. Theory predicts that 'all-pay' competition is particularly effective for fundraising. Within this class of mechanisms different types of lotteries and all-pay...
Persistent link: https://www.econbiz.de/10010277471
We report the results of laboratory experiments on rent-seeking contests with endogenous participation. Theory predicts …
Persistent link: https://www.econbiz.de/10010277512
Contest or auction designers who want to maximize the overall revenue are frequently concerned with a trade-off between contest homogeneity and inclusion of contestants with high valuations. In our experimental study, we find that it is not profitable to exclude the most able contestant in favor...
Persistent link: https://www.econbiz.de/10010281542