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We consider a variant of the Tullock rent-seeking contest. Under symmetric information we determine equilibrium strategies and prove their uniqueness. Then, we assume contestants to be privately informed about their costs of effort. We prove existence of a pure-strategy equilibrium and provide a...
Persistent link: https://www.econbiz.de/10003950459
Decision makers lacking crucial specialist know-how often consult with better informed but biased experts. In our model the decision maker's choice problem is binary and her preferred option depends on the state of the world unknown to her. The expert observes the state and sends a report to the...
Persistent link: https://www.econbiz.de/10008758925
We consider a general class of imperfectly discriminating contests with privately informed players. We show that findings by Athey (2001) imply the existence of a Bayesian Nash equilibrium in monotone pure strategies.
Persistent link: https://www.econbiz.de/10008822063
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/10008697819
We analyze binary choice models in communication networks, in which both, the formation of links in the network as well … networks, where agents choose their strategies - actions and links - according to a perturbed best response update rule. We …
Persistent link: https://www.econbiz.de/10011444453
We analyze binary choice models in communication networks, in which both, the formation of links in the network as well … networks, where agents choose their strategies - actions and links - according to a perturbed best response update rule. We …
Persistent link: https://www.econbiz.de/10011657343
networks in which one of the sellers monopolizes the market, or the two sellers segment the market. …
Persistent link: https://www.econbiz.de/10009788069
We analyze the doping behavior of heterogeneous athletes in an environment of private information. In a n-player strategic game, modeled as an all-pay auction, each athlete has private information about his actual physical ability and choses the amount of performance-enhancing drugs. The use of...
Persistent link: https://www.econbiz.de/10009772194
This paper compares centralized and decentralized policymaking in a game theoretic model of informational lobbying and political contributions. In the model, an interest group first produces verifiable evidence about the welfare effects of its preferred policy and then engages in monetary...
Persistent link: https://www.econbiz.de/10012900758
In this note, we characterize the equilibria of the standard pivotal-voter participation game between two groups of voters of asymmetric sizes, as originally proposed by Palfrey and Rosenthal [1983. A strategic calculus of voting. Public Choice. 41, 7-53]
Persistent link: https://www.econbiz.de/10012935191