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become about issues before interest groups engage in monetary lobbying. For a range of issues, the policymaker prefers to … leads to intense lobbying competition and larger political contributions. We identify a novel benefit of campaign finance …
Persistent link: https://www.econbiz.de/10011295605
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
We model competing groups when players' values for winning are private information, each group's performance equals the best effort ("best shot") of its members, and the group with the best performance wins the contest. At the symmetric equilibrium of symmetric contests, increasing the number of...
Persistent link: https://www.econbiz.de/10014142038
We consider a two group contest over a group specific public good where each member of a group has a different benefit from the good. Our model can be interpreted in two ways: Each of the players has a non-linear investment cost in the contest, or alternatively, the returns to effort are...
Persistent link: https://www.econbiz.de/10003817303
I analyse a group contest in which groups decide over two dimensions of membership-exclusivity: whether a member is allowed to join the group at all, and whether this member is allowed to join another group as well. If the prize is mostly private, group leaders do not offer membership in...
Persistent link: https://www.econbiz.de/10013323852
groups. The first model analyzes the case in which individuals in each group ignore the effect of the lobbying effect on the … model examine the case wherein the individual in each group takes account of the effect of lobbying activities on the Big …-size" effect in lobbying; when the group number is big, the Big Pie effect is insignificant and therefore is dominated by the …
Persistent link: https://www.econbiz.de/10014170948
models are developed to investigate the social welfare implication of the number and size of the lobbying interest groups …. The first addresses social rent dissipation of lobbying activities where individuals in each lobbying group ignore the … lobbying effect on the size of aggregate output of the economy. It is shown that social rent dissipation is lower the larger is …
Persistent link: https://www.econbiz.de/10014058328
Persistent link: https://www.econbiz.de/10003383767
We correlate competitive bidding and profits in symmetric independent private value first-price auctions with salivary testosterone, estradiol, progesterone, and cortisol in more than 200 subjects. Females bid significantly higher and earn significantly lower profits than males. Moreover,...
Persistent link: https://www.econbiz.de/10009544159
In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we collected information on the female participants' menstrual cycles. We find that women bid significantly higher than men in their menstrual and premenstrual phase but do not bid...
Persistent link: https://www.econbiz.de/10003878997