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Biasing Unbiased Dynamic Contests
Barbieri, Stefano - 2018
We consider a best-of-three Tullock contest between two ex-ante identical players. An effort-maximizing designer commits to a vector of player-specific biases (advantages or disadvantages). In our benchmark model the designer chooses victory-dependent biases (i.e., the biases depend on the...
Persistent link: https://www.econbiz.de/10012918987
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A theory on media bias and elections
Sun, Junze; Schram, Arthur; Sloof, Randolph - 2019
We develop a tractable theory to study the impact of biased media on election outcomes, voter turnout and welfare. News … rise in media bias affects the election outcome in a non-monotonic way, and reduces voter welfare by decreasing the … other ways to strengthen media competition − such as increased polarization and prevention of collusion − critically depends …
Persistent link: https://www.econbiz.de/10012030647
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On a three-alternative Condorcet jury theorem
Goertz, Johanna M. M.; Maniquet, François - 2011
We investigate whether the simple plurality rule aggregates information efficiently in a large election with three alternatives. The environment is the same as in the Condorcet Jury Theorem (Condorcet (1785)). Voters have common preferences that depend on the unknown state of nature, and they...
Persistent link: https://www.econbiz.de/10009127595
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Intention-based fairness preferences in two-player contests
Hoffmann, Magnus; Kolmar, Martin - 2013
We analyze equilibria of two-player contests where players have intention-based preferences. We find that players invest more effort compared to the case with selfish preferences and are even willing to exert effort when the monetary value of the prize converges to zero. As a consequence,...
Persistent link: https://www.econbiz.de/10009702885
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A nested contest : Tullock meets the all-pay auction
Amegashie, J. Atsu - 2012
I present a two-player nested contest which is a convex combination of two widely studied contests: the Tullock (lottery) contest and the all-pay auction. A Nash equilibrium exists for all parameters of the nested contest. If and only if the contest is sufficiently asymmetric, then there is an...
Persistent link: https://www.econbiz.de/10009659345
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Information alliances in contests with budget limits
Konrad, Kai A. - 2010
We study the role of information exchange through alliances in a framework with contestants who have binding budget limits and know their own budget limit but are incompletely informed about other contestants' budget limits. First, we solve for the Bayesian Nash equilibrium. Then we consider the...
Persistent link: https://www.econbiz.de/10009408120
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Chapter 29 Computational Methods and Models of Politics
Kollman, Ken; Page, Scott E. - In: Handbook of computational economics : volume 2, …, (pp. 1433-1463). 2006
, questions related to institutional design and performance, issues in international relations, and electoral competition. In our …
Persistent link: https://www.econbiz.de/10014024376
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Competition and cooperation in the small firm sector
Oughton, Christine P. - In: Scottish journal of political economy : the journal of … 44 (1997) 1, pp. 1-30
Persistent link: https://www.econbiz.de/10001240036
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Efficiency in contests between groups
Hartley, Roger - In: The theory of externalities and public goods : essays …, (pp. 7-27). 2017
Persistent link: https://www.econbiz.de/10011863815