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  • D72  (4)
  • Ramat-Gan: Bar-Ilan University, Department of Economics  (4)
  • 2010-2014  (4)
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  • 1
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    Ramat-Gan: Bar-Ilan University, Department of Economics
    Publication Date: 2018-07-03
    Description: We consider a two group contest over a group specific public good comparing two situations: (i) when all players act independently; and (ii) when the players of each group cooperate. This comparison leads us to the conclusion that it is possible for one group to contribute more (and have a higher expected payoff) in the non-cooperative regime than in the cooperative regime.
    Keywords: D72 ; C72 ; H41 ; ddc:330 ; contests ; rent seeking ; public good ; easy-riding ; Öffentliche Güter ; Rent-Seeking ; Nichtkooperatives Spiel ; Theorie
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
    Type: doc-type:workingPaper
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  • 2
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    Ramat-Gan: Bar-Ilan University, Department of Economics
    Publication Date: 2018-07-03
    Description: This article considers an asymmetric contest with incomplete information. There are two types of players: informed and uninformed. Each player has a different ability to translate effort into performance in terms of the contest success function. While one player's type is known to both players, the other is private information and known only to the player himself. We compare the Bayesian Nash equilibrium outcome of a one-sided private information contest to the Nash equilibrium with no private information, in which both players know the type of the other player. We show conditions under which uncertainty increases the investment of the uninformed player and the rent dissipation of the contest, while decreasing the expected net payoff of the informed player. In addition, we consider conditions under which the informed player - before knowing his own type - prefers that the uninformed player knows his type. Moreover, we show conditions for the existence/non-existence of equilibrium in a two-stage contest in which the informed player declares his type (or does not declare) in the first stage and in the second stage the two players play according to the information available to them.
    Keywords: D72 ; C72 ; ddc:330 ; asymmetric contests ; rent seeking ; incomplete information ; Rent-Seeking ; Unvollkommene Information ; Nichtkooperatives Spiel ; Neue politische Ökonomie ; Theorie
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
    Type: doc-type:workingPaper
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  • 3
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    Ramat-Gan: Bar-Ilan University, Department of Economics
    Publication Date: 2018-07-03
    Description: Government intervention often gives rise to contests and the government can influence their outcome by choosing their 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 consider the case in which the government can limit the size of the non-governed interest group in order to determine the scope of rent dissipation, with the goal of either increasing the rent obtained by the government or reducing the wasted resources invested in the contest.
    Keywords: D70 ; D71 ; D72 ; ddc:330 ; rent dissipation ; central planner ; contest ; all-pay auction ; generalized logit contest success function
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
    Type: doc-type:workingPaper
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  • 4
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    Ramat-Gan: Bar-Ilan University, Department of Economics
    Publication Date: 2018-07-03
    Description: The form of contests for a single fixed prize can be determined by a designer who maximizes the contestants' efforts. This paper establishes that, under common knowledge of the two asymmetric contestants' prize valuations, a fair Tullock-type endogenously determined lottery is always superior to an all-pay-auction; it yields larger expected efforts (revenues) for the contest designer. If the contest can be unfair (structural discrimination is allowed), then the optimal lottery cannot be dominated by an all-pay-auction.
    Keywords: D70 ; D71 ; D72 ; ddc:330 ; contest design ; efforts (revenue) maximization ; discrimination ; endogenous lottery ; all-pay auction
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
    Type: doc-type:workingPaper
    Location Call Number Expected Availability
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