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contests. We find that while in the aggregate the behavior of our subjects is consistent with that predicted by the theory …
Persistent link: https://www.econbiz.de/10005770972
In many contests, a subset of contestants is granted preferential treatment which is presumably intended to be …
Persistent link: https://www.econbiz.de/10010729778
This paper examines the role of asymmetry in all-pay auctions. In particular, this paper decomposes a change in players' valuations into the absolute change and the relative change, and analyzes how these changes a¢çect total expenditures. An increase in the sum of players' valuations...
Persistent link: https://www.econbiz.de/10010641739
In many contests a subset of contestants is granted preferential treatment which is presumably intended to be …
Persistent link: https://www.econbiz.de/10008465788
Comparative statics for contests with two privately informed and ex ante heterogeneous contestants are analyzed … part of the paper considers dynamic contests in which one bidder may endogenously be revealed to be weak. For example, the …
Persistent link: https://www.econbiz.de/10005040600
We examine a contest, modelled as an all-pay auction, in which a strong and a weak contestant compete, and where a contestant may suffer from a handicap or benefit from a head start. The former reduces the contestant's score by a fixed percentage; the latter is an additive bonus. The two...
Persistent link: https://www.econbiz.de/10005168870
I examine a contest with identity-dependent rules in which contestants are privately informed and ex ante heterogeneous. A contestant may suffer from a handicap or benefit from a head start. The former reduces the contestantʼs score by a fixed percentage; the latter is an additive bonus....
Persistent link: https://www.econbiz.de/10011049730
This article analyses the allocation of prizes in contests. While existing models consider a single contest with an … exogenously given set of players, in our model several contests compete for participants. As a consequence, prizes not only induce … incentive effects but also participation effects. We show that contests that aim to maximize players’ aggregate effort will …
Persistent link: https://www.econbiz.de/10005772229
If firms compete in all-pay auctions with complete information, silent shareholdings introduce asymmetric externalities into the allpay auction framework. If the strongest firm owns a large share in the second strongest firm, this may make the strongest firm abstain from bidding. As a...
Persistent link: https://www.econbiz.de/10010296367
If firms compete in all-pay auctions with complete information, silent shareholdings introduce asymmetric externalities into the all-pay auction framework. If the strongest firm owns a large share in the second strongest firm, this may make the strongest firm abstain from bidding. As a...
Persistent link: https://www.econbiz.de/10010333027