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We provide a game-theoretic model of sequential information aggregation motivated by online question-and-answer forums. An asker posts a question and each user decides when to aggregate a unique piece of information with existing information. When the quality exceeds a certain threshold, the...
Persistent link: https://www.econbiz.de/10010785194
We introduce three extensions of the Hirshleifer–Skaperdas conflict game to study experimentally the effects of post-conflict behavior and repeated interaction on the allocation of effort between production and appropriation. Without repeated interaction, destruction of resources by defeated...
Persistent link: https://www.econbiz.de/10010785206
We study the design of a sequence of two contests between a pair of identical risk averse employees whose effort … first-period success reflects only transitory shocks and not ability, it is efficient to structure the contests so these …
Persistent link: https://www.econbiz.de/10005667058
Persistent link: https://www.econbiz.de/10005674687
simultaneous R&D contests for complementary patents and how they interact with patent portfolios that firms may have acquired … already. We also consider how this interaction and the intensity of the contests depends on the type of patent trade regimes …
Persistent link: https://www.econbiz.de/10005785867
Perfectly discriminating contests (or all pay auction) are widely used as a model of situations where individuals … devote resources to win some prize. In reality such contests are often preceded by investments of the contestants into their …
Persistent link: https://www.econbiz.de/10005785899
International donors usually have particular goals they want to achieve with their foreign aid, for example, poverty alleviation. In the international aid story lobbying by potential recipient groups attempting to capture the donor’s support play a potentially important role for...
Persistent link: https://www.econbiz.de/10005761993
In this paper we deal with voluntary and compulsory redistribution in an economy where the enforcement of property rights is costly. Two agents engage in a common-pool contest and two types of potential distortions arise: the waste of resources in the contest and the dilution of incentives to...
Persistent link: https://www.econbiz.de/10004989601
-order contests with complete information, in which each player's strategy generates direct or indirect affine "spillover" effects … important economic environments, as well as in classic contests adapted to recent experimental and behavioral models where …, tournaments, R&D races, models of ligitation, and a host of other contests. …
Persistent link: https://www.econbiz.de/10004964456
Persistent link: https://www.econbiz.de/10004965772