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We characterise the set of equilibria in a deterministic group contest with the weakest-link impact function, continuous efforts and a private good prize, complementing the results obtained by Chowdhury et al. (2016). We consider a two-stages two-groups model, where in the first stage the agents...
Persistent link: https://www.econbiz.de/10014583650
In this paper we consider a deterministic complete information two groups contest where the effort choices made by the teammates are aggregated into group performance by the weakest-link technology (perfect complementarity), that is a "max-min group contest", as defined by Chowdhury et al....
Persistent link: https://www.econbiz.de/10014577270
We study effort provision and incentivisation in a Tullock group-contest with m Ï 2 groups that differ in size. A novel algorithmic procedure is presented that, under a symmetry assumption, explicitly characterises the equilibrium. Endogenous, optimal incentivisation schemes are then...
Persistent link: https://www.econbiz.de/10014577302
In this paper we consider a deterministic complete information two groups contest where the effort choices made by the teammates are aggregated into group performance by the weakest-link technology (perfect complementarity), that is a "max-min group contest", as defined by Chowdhury et al....
Persistent link: https://www.econbiz.de/10014552826
We study effort provision and incentivisation in a Tullock group-contest with m ≥ 2 groups that differ in size. A novel algorithmic procedure is presented that, under a symmetry assumption, explicitly characterises the equilibrium. Endogenous, optimal incentivisation schemes are then...
Persistent link: https://www.econbiz.de/10014552943
Cassava peeling machines are available but are inaccessible and prohibitively expensive, especially for small-scale processors to acquire. This paper examines the perception and willingness of smallholder cassava processors to pay for cassava peeling machine services using data from 300 cassava...
Persistent link: https://www.econbiz.de/10014550920
Using survey experiments in the United States and Germany with 12,000 participants, we examine perceptions of life expectancy inequality between rich and poor people. The life expectancy of the poor is underestimated more than that of the rich, leading to exaggerated perceptions of inequality in...
Persistent link: https://www.econbiz.de/10014581810
Using survey experiments in the United States and Germany with 12,000 participants, we examine perceptions of life expectancy inequality between rich and poor people. The life expectancy of the poor is underestimated more than that of the rich, leading to exaggerated perceptions of inequality in...
Persistent link: https://www.econbiz.de/10014581334