Standard theoretical prediction is that rational economic agents participating in rent-seeking contests should engage …

The standard theoretical description of rent-seeking contests is that of rational individuals or groups engaging in …

gender, as well as field experiments. Finally, we discuss applications of contests and suggest directions for future research. …Many economic, political and social environments can be described as contests in which agents exert costly efforts … while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all …

We provide an overview of experimental literature on contests and point out the two main phenomena observed in most … contest experiments: (i) overbidding relative to the standard Nash equilibrium prediction and (ii) heterogeneous behavior of … ex-ante symmetric contestants. Based on the sample of contest experiments that we review, the median overbidding rate is …

This paper considers a contest setting in which a challenger chooses between one of two contests to enter after … overall reduction in defense. Controlled laboratory experiments designed to test the model’s predictions are also reported …