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I study sequential contests where the efforts of earlier players may be disclosed to later players by nature or by design. The model has many applications, including rent seeking, R&D, oligopoly, public goods provision, and tragedy of the commons. I show that information about other players'...
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decisions about the level of the public good. We derive the following results: i) Political competition is a necessary but not a … select institutions which restrict the power of politicians. iii) In conjunction with political competition, these …
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and competition is called coopetition and we study it theoretically and experimentally in a group contest setup. More …
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A profit-maximizing auctioneer can provide a public good to at most one of a number of groups of agents. The groups may have non-empty intersections. Each group member has a private value for the good being provided to each group, which is not commonly known. We investigate an auction mechanism...
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A group of actors, individuals or firms, can engage in collectively providing projects which may be costly or generating revenues and which may benefit some and harm others. Based on requirements of procedural fairness (Güth and Kliemt, 2013), we derive a bidding mechanism determining...
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We study political competition in an environment in which voters have private information about their preferences. Our …
Persistent link: https://www.econbiz.de/10010358277
This paper explores methodological issues surrounding the use of discrete choice experiments to elicit values for public goods. We develop an explicit game-theoretic model of individual decisions to a series of choice sets, providing general conditions under which surveys with repeated binary...
Persistent link: https://www.econbiz.de/10014189156