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Heterogeneity in rent-seeking contests with multiple stages : theory and experimental evidence ; conference paper

Hörtnagl, Tanja; Kerschbamer, Rudolf; Stracke, Rudi; … - 2014

This paper investigates how heterogeneity in contestants' investment costs affects the competition intensity in a …

Persistent link: https://www.econbiz.de/10010485338

Enlargements and the principles of designing EU : decision-making procedures

Widgrén, Mika - 2003

This paper examines how neutral the current EU decision-making procedures are to membership and how well they obey certain transparent general constitutional principles. The paper evaluates the performance of the procedures by strategic and classical power indices. The main emphasis in the...

Persistent link: https://www.econbiz.de/10011507661

Lottery versus all-pay auction contests : a revenue dominance theorem ; conference paper

Franke, Jörg; Kanzow, Christian; Leininger, Wolfgang; … - 2012

the all-pay auction revenue dominates the lottery contest for all levels of heterogeneity among contestants. The incentive …

Persistent link: https://www.econbiz.de/10010338417

Management impact in an experimental intergroup contest : conference paper

Eisenkopf, Gerald - 2013 - Preliminary draft

The paper presents experimental evidence on the impact of managers and their incentives on the behavior of group members in intergroup contests. I find that members follow the nonbinding investment recommendations of their group manager in particular if the managers payoff does not depend on the...

Persistent link: https://www.econbiz.de/10010340540

Optimal prizes in dynamic elimination contests : an experimental analysis ; conference paper

Stracke, Rudi; Höchtl, Wolfgang; Kerschbamer, Rudolf; … - 2013

This paper investigates the effects of different prize structures on the effort choices of participants in two-stage elimination contests. A format with a single prize is shown to maximize total effort over both stages, but induces low effort in stage 1 and high effort in stage 2. By contrast, a...

Persistent link: https://www.econbiz.de/10010340562

Lobbying and elections : conference paper

Klingelhöfer, Jan - 2013

In using their citizen candidate framework, Besley and Coate (2001) find that if citizen candidates with sufficiently extreme preferences are available, lobbying has no in fluence on equilibrium policy. I show that this result does not hold in a model with ideological parties instead of citizen...

Persistent link: https://www.econbiz.de/10010343633

Spatial sorting : conference paper

Eeckhout, Jan; Pinheiro, Roberto; Schmidheiny, Kurt - 2013

. We prove that with extreme-skill complementarity, the skill distribution has fatter tails in large cities; with top …-skill complementarity, there is first-order stochastic dominance. Using the model to back out skills from wage and housing price data, we … find robust evidence of fat tails in large cities. Big cities have big inequality. This pattern of spatial sorting is …

Persistent link: https://www.econbiz.de/10010337849

The curse of knowledge increases self-selection into competition : experimental evidence ; conference paper

Danz, David - 2014

The psychology literature provides ample evidence that people have difficulties taking the perspective of less informed others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative overconfidence and overentry into competition. In a broader...

Persistent link: https://www.econbiz.de/10010488505

Analysis of monetary policy responses after financial market crises in a continuous time new Keynesian model : conference paper

Hayo, Bernd; Niehof, Britta - 2014 - Preliminary draft

We develop a dynamic stochastic full equilibrium New Keynesian model of two open economies based on stochastic differential equations to analyse the interdependence between monetary policy and financial markets in the context of the recent financial crisis. The effect of bubbles on stock and...

Persistent link: https://www.econbiz.de/10010484315

Rational expectations and the stability of balanced monetary development : conference paper

Böhm, Volker - 2014 - Preliminary and incomplete, Version: February 28, 2014

The expanding/contracting behavior of monetary macroeconomic models is largely driven by government deficits. Their monetary effects on inflation and monetary growth determine the real value of money (or of government debt) in the long run. Only positive stationary (constant) real values of...

Persistent link: https://www.econbiz.de/10010485297