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Converse Tournaments
(Ege Univ Fac Economics & Admin Sciences, 2019)
This paper proposes two alternatives to Clark and Riis (1998b)'s sequential model of nested multiple-prize contests. First we consider winning prizes endogenously determined by exerted contest efforts. Second we extend the ...
Sabotage in team contests
(Springer, 2019)
In the contest literature sabotage is defined as a deliberate and costly activity that damages the opponent's likelihood of winning the contest. Most of the existing results suggest that anticipating a possible sabotage ...
Investment on human capital in a dynamic contest model
(Walter De Gruyter Gmbh, 2019)
Although most contest games are modeled in such a way that the outcome depends only on the efforts exerted by the contestants what is arguably more important is the contestants' effective efforts which may be influenced ...
Between anchors and aspirations: a new family of bargaining solutions
(Springer, 2019)
We study the salience and power of reference points in determining the effective anchors and aspirations in bargaining problems. Along this line we enrich the analysis of the standard bargaining model with two new parameters: ...
On (mis-)perception of probabilities in first-price sealed-bid auctions
(Economics Bulletin, 2019)
We study a two-stage probability weighting model [see Tversky and Fox 1995] in a first-price sealed-bid auction. We present the unique symmetric equilibrium and provide some experimental support for our model.