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We report the results of laboratory experiments on rent-seeking contests with endogenous participation. Theory predicts … that (a) contest entry and rent-seeking expenditures increase with the size of the prize; and (b) earnings are equalized … contest competition suggest that females should (a) not perform as well in the contest; and (b) enter at a lower rate. We find …
Persistent link: https://www.econbiz.de/10010552252
We report the results of laboratory experiments on rent-seeking contests with endogenous participation. Theory predicts … that (a) contest entry and rent-seeking expenditures increase with the size of the prize; and (b) earnings are equalized … contest competition suggest that females should (a) not perform as well in the contest; and (b) enter at a lower rate. We find …
Persistent link: https://www.econbiz.de/10005796055
We report the results of laboratory experiments on rent-seeking contests with endogenous participation. Theory predicts … some support for (a) but not for (b). Women participate in the contest at the same rate as men. -- Contests ; Competition … ; Entry ; Experiments …
Persistent link: https://www.econbiz.de/10003740145
While numerous experiments demonstrate how pro-sociality can influence economic decision-making, evidence on explicitly … experimental rent-seeking contests. Although, as we show, existing evidence of excessive rent-seeking is in theory compatible with …-seeking competition. …
Persistent link: https://www.econbiz.de/10010277465
very different effects depending on the contest structure. We observe the highest rent dissipation in stochastic contests … when players only get feedback on own choices and earnings. In these contests aggregate expenditures usually exceed the …. In contrast, in deterministic contests average expenditures converge to equilibrium levels when subjects only get …
Persistent link: https://www.econbiz.de/10009618920
We experimentally investigate how reputational concerns affect behavior in repeated Tullock contests by comparing …
Persistent link: https://www.econbiz.de/10011456852
Costly competitions between economic agents are modeled as contests. Researchers use laboratory experiments to study … contests and test comparative static predictions of contest theory. Commonly, researchers find that participants' efforts are … addition, experimental studies examine various contest structures, including dynamic contests (such as multi-stage races, wars …
Persistent link: https://www.econbiz.de/10012910152
-seeking competition. -- Contests ; Other-regarding preferences ; Experiments …While numerous experiments demonstrate how pro-sociality can influence economic decision-making, evidence on explicitly … experimental rent-seeking contests. Although, as we show, existing evidence of excessive rent-seeking is in theory compatible with …
Persistent link: https://www.econbiz.de/10003746868
We analyze a contest between two groups where group members have differing valuations for the contested rent. Generically the pivotal group member with the median valuation of the rent will not act himself but will want to send a group member that has preferences different to her own into the...
Persistent link: https://www.econbiz.de/10010261408
We examine experimentally how link costs affect the formation of links between a single seller and two potential buyers as well as the ensuing bargaining. Theory predicts that link costs lead to less competitive networks, with one link rather than two links, and that link costs do not affect the...
Persistent link: https://www.econbiz.de/10011049882