I characterize the optimal accuracy level r of an unbiased Tullock contest between two players with heterogeneous prize valuations. The designer maximizes the winning probability of the strong player or the winner's expected valuation by choosing a contest with an all-pay auction equilibrium...

Für die Fußball-Weltmeisterschaft 2006 wurde ein Vielfaches der verfügbaren Karten bestellt. Welche dieser Bestellungen zum Zuge kommen, wurde nun Mitte April per Losverfahren entschieden. Ist diese Allokation der Karten effizient? Welche Motive bestimmten diese Verkaufsstrategie?

I characterize the optimal accuracy level r of an unbiased Tullock contest between two players with heterogeneous prize valuations. The designer maximizes the winning probability of the strong player or the winner's expected valuation by choosing a contest with an all-pay auction equilibrium...

When heterogeneous players make strategic investment decisions in multi-stage contests, they might conserve resources in a current contest to spend more in a subsequent contest, if the degree of heterogeneity in the current (subsequent) contest is sufficiently large (small). We confirm these...

We examine the strategic use of corporate social responsibility (CSR) in Cournot competition between two firms that differ in their marginal costs of production. The level of CSR determines the weight a firm puts on consumer surplus in its objective function before it decides upon supply. We...

Am 21. November 2004 haben sich die Münchner in einem Bürgerentscheid mit knapper Mehrheit dafür ausgesprochen, die Maximalhöhe für neue Hochhäuser auf 100 Meter zu begrenzen. Stark verkürzt hießen die Alternativen bei dieser Wahl: "Hochhäuser" oder "keine Hochhäuser". Aus...