Showing 1 - 10 of 37
We set up a model of costly information production between two lobbies, a firm and a consumer group, competing for influence over an imperfectly informed but benevolent government. The government is endowed with a parametric amount of information and chooses the best policy from a finite,...
Persistent link: https://www.econbiz.de/10014000788
This paper reports an experiment which compares behaviour in two punishment regimes: (i) a standard public goods game with punishment in which subjects are given the opportunity to punish other group members (democratic punishment regime) and (ii) a public goods game environment where all group...
Persistent link: https://www.econbiz.de/10011380878
Many economic, political and social environments can be described as contests in which agents exert costly efforts while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all-pay auctions and rankorder tournaments. This survey...
Persistent link: https://www.econbiz.de/10009687977
This paper analyzes the impact of tax competition between two countries of unequal per-capita capital endownments on tax rates and efficiency when distorting wage, residence-based and source-based capital taxes (or any combination of two instruments) are available for governments. The national...
Persistent link: https://www.econbiz.de/10011543835
The provision of global public goods, such as climate change mitigation and managing fisheries to avoid overharvesting, requires the coordination of national contributions. The contributions are managed by elected governments who, in turn, are subject to public pressure on the matter. In an...
Persistent link: https://www.econbiz.de/10011457585
Prevalence of cooperation within groups of selfish individuals is puzzling in that it contradicts with the basic premise of natural selection. Favoring players with higher fitness, the latter is key for understanding the challenges faced by cooperators when competing with defectors. Evolutionary...
Persistent link: https://www.econbiz.de/10013115891
Many economic, political and social environments can be described as contests in which agents exert costly efforts while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all-pay auctions and rank-order tournaments. This survey...
Persistent link: https://www.econbiz.de/10013100140
This paper describes the structure, incentives, assessments, and results of a course in common-pool resource management (CPRM) that can be run in 8 weeks with 15-30 students. The course structure helps students learn about the complexity of CPRM by grouping students into "too large" groups where...
Persistent link: https://www.econbiz.de/10012964546
Costly competitions between economic agents are modeled as contests. Researchers use laboratory experiments to study contests and test comparative static predictions of contest theory. Commonly, researchers find that participants' efforts are significantly higher than predicted by the standard...
Persistent link: https://www.econbiz.de/10012910152
We analyze a game in which a group of agents exert costly effort over time to make progress on a project. The project is completed once the cumulative efforts reach a pre-specified threshold, at which point it generates a lump sum payoff. We characterize a budget balanced mechanism that induces...
Persistent link: https://www.econbiz.de/10012972549