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We consider asymmetric winner-reimbursed contests. It turns out that such contests (Sad-Loser) have multiple internal pure-strategy equilibria (where at least two players are active). We describe all equilibria and discuss their properties. In particular, we find (1) that an active player is...
Persistent link: https://www.econbiz.de/10010875281
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
In this article we consider a model where boundedly rational agents choose both which coordination game to play and what action to take in that game, when their information and mobility are limited and changes over time. We completely characterize both short-run and long-run outcomes. There are...
Persistent link: https://www.econbiz.de/10011263923
Persistent link: https://www.econbiz.de/10005307323
We consider lotteries with reimbursements. It turns out that without loss of generality it is enough analyze lotteries where the winner gets her expenses reimbursed. We find that such a lottery (Sad-Loser) has multiple pure-strategy equilibria. We describe all equilibria and discuss their...
Persistent link: https://www.econbiz.de/10005200526
Persistent link: https://www.econbiz.de/10005200540
This paper analyses an evolutionary version of the Public Good game of Eshel, Samuelson, and Shaked (1998) in which agents can choose between imitation and best-reply decision rules. We describe conditions under which altruistic and spiteful (maximizing) behavior arise: these conditions are...
Persistent link: https://www.econbiz.de/10005200547
Persistent link: https://www.econbiz.de/10005220033