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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
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
Using non-cooperative game theory the effects of mediation on the divorce rate and on the utility of the spouses are …
Persistent link: https://www.econbiz.de/10010341096
We consider a co-evolutionary model of social coordination and network formation where agents may decide on an action in a 2x2 - coordination game and on whom to establish costly links to. We find that a payoff dominant convention is selected for a wider parameter range when agents may only...
Persistent link: https://www.econbiz.de/10010341151
This paper introduces a class of contest models in which each player decides when to stop a privately observed Brownian motion with drift and incurs costs depending on his stopping time. The player who stops his process at the highest value wins a prize. We prove existence and uniqueness of a...
Persistent link: https://www.econbiz.de/10010487682
Motivated by trying to better understand the norms that govern pedestrian traffic, I study symmetric two-player coordination games with independent private values. The strategies of "always pass on the left" and "always pass on the right" are always equilibria of this game. Some such games,...
Persistent link: https://www.econbiz.de/10010488568
Persistent link: https://www.econbiz.de/10003457060
contribution mechanisms to foster human cooperation in heterogeneous populations. Our model predicts that a sequential mechanism …
Persistent link: https://www.econbiz.de/10010339938
, contributors and administrators establish a stable interaction with cooperation matching the level from a comparable Public Goods … that cooperation breeds trustworthiness and vice versa and that one-time disruptions are particularly damaging in settings …
Persistent link: https://www.econbiz.de/10010484932