We consider a variant of the Tullock rent-seeking contest. Under symmetric information we determine equilibrium … the distribution costs are drawn from and on the exact specification of the contest success function. …

We consider a variant of the Tullock rent-seeking contest. Under symmetric information we determine equilibrium … the distribution costs are drawn from and on the exact specification of the contest success function. …

This article experimentally studies a two-stage elimination contest and compares its performance with a one …-stage contest. Contrary to the theory, the two-stage contest generates higher revenue than the equivalent one-stage contest. There … is significant over-dissipation in both stages of the two-stage contest and experience diminishes over-dissipation in the …

contests which are isomorphic under risk-neutrality. The results indicate that in aggregate the single-prize contest generates … lower expenditures than either the proportional-prize or the multi-prize contest. Interestingly, while the aggregate results … behavior in the single-prize contest is more similar to the behavior in the multi-prize contest than in the proportional …

contests which are isomorphic under risk-neutrality. The results indicate that in aggregate the single-prize contest generates … lower expenditures than either the proportional-prize or the multi-prize contest. Interestingly, while the aggregate results … behavior in the single-prize contest is more similar to the behavior in the multi-prize contest than in the proportional …

contests which are isomorphic under riskneutrality. The results indicate that in aggregate the single-prize contest generates … lower expenditures than either the proportional-prize or the multi-prize contest. Interestingly, while the aggregate results … behavior in the single-prize contest is more similar to the behavior in the multi-prize contest than in the proportional …

Two wealth effects typically arise in any contest: i) wealth decreases the marginal cost of effort, but also ii …) decreases the marginal benefit of winning the contest. In this paper, we introduce three types of strategic contest models … depending on whether the first, second, or both wealth effects play a role: namely, a privilege contest, an ability contest, and …

This article experimentally studies a two-stage elimination contest and compares its performance with a one …-stage contest. Contrary to the theory, the two-stage contest generates higher revenue than the equivalent one-stage contest. There … is significant over-dissipation in both stages of the two-stage contest and experience diminishes over-dissipation in the …

This paper experimentally compares the performance of four simultaneous lottery contests: a grand contest, two multiple … prize settings (equal and unequal prizes), and a contest which consists of two subcontests. Consistent with the theory, the … grand contest generates the highest effort levels among all simultaneous contests. In multi-prize settings, equal prizes …

This paper experimentally compares the performance of four simultaneous lottery contests: a grand contest, two multiple … prize settings (equal and unequal prizes), and a contest which consists of two subcontests. Consistent with the theory, the … grand contest generates the highest effort levels among all simultaneous contests. In multi-prize settings, equal prizes …