Overbidding and overspreading in rent-seeking experiments: Cost structure and prize allocation rules
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- Chowdhury, Subhasish M. & Sheremeta, Roman M. & Turocy, Theodore L., 2014. "Overbidding and overspreading in rent-seeking experiments: Cost structure and prize allocation rules," Games and Economic Behavior, Elsevier, vol. 87(C), pages 224-238.
- Subhasish M. Chowdhury & Roman M. Sheremeta & Theodore L. Turocy, 2014. "Overbidding and overspreading in rent-seeking experiments: Cost structure and prize allocation rules," Working Papers 14-08, Chapman University, Economic Science Institute.
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More about this item
Keywords
rent-seeking; contest; contest design; experiments; quantal response; overbidding;All these keywords.
JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
NEP fields
This paper has been announced in the following NEP Reports:- NEP-EXP-2014-05-17 (Experimental Economics)
- NEP-GTH-2014-05-17 (Game Theory)
Statistics
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