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advantaged in the grand (organization-wide) contest for two reasons: First, the incentive to free-ride is smaller in inter …-divisional contests. Second, competition in the intradivisional contest is less fierce. Both effects induce a higher marginal utility of …
Persistent link: https://www.econbiz.de/10012623215
.e. a contest against other rent-seekers). At the aggregate level, rent-seeking reduces the available amount of labor in the …
Persistent link: https://www.econbiz.de/10012799675
We present a general model of two players contest with two types of efforts. Contrary to the classical models of … contest, where each player chooses a unique effort, and where the outcome depends on the efforts of all the players …, job promotion competitions, or sport contests. We study the general model of contest with attacks and defence and propose …
Persistent link: https://www.econbiz.de/10010312400
advantaged in the grand (organization-wide) contest for two reasons: First, the incentive to free-ride is smaller in inter …-divisional contests. Second, competition in the intradivisional contest is less fierce. Both effects induce a higher marginal utility of …
Persistent link: https://www.econbiz.de/10012143447
During the past two centuries, western nations have successively extended the voting franchise to citizens of lower income. We explain this process of democratization as a rational way for incumbent elites to wage war effectively on other nations, as in a strategic game of international conflict...
Persistent link: https://www.econbiz.de/10011452800
In this paper, we consider a symmetric rent-seeking contest, where employees lobby for a governmental contract on …
Persistent link: https://www.econbiz.de/10010343953
type. We consider a contest with two interest groups: one that is governed by a central planner and one that is not. Rent … dissipation is compared under two well-known contest success functions: the generalized logit and the all-pay auction. We also … resources invested in the contest. …
Persistent link: https://www.econbiz.de/10010209696
type. We consider a contest with two interest groups: one that is governed by a central planner and one that is not. Rent … dissipation is compared under two well-known contest success functions: the generalized logit and the all-pay auction. We also … resources invested in the contest. …
Persistent link: https://www.econbiz.de/10010212997
We use a Tullock-type contest model to show that intuitively and structurally different contests can be strategically … and revenue equivalent to each other. We consider a two-player contest, where outcome-contingent payoffs are linear … may yield different equilibrium payoffs. Finally, we discuss possible contest design applications and avenues for future …
Persistent link: https://www.econbiz.de/10010854408
of a contest. …
Persistent link: https://www.econbiz.de/10010931195