Indefinitely repeated contests: An experimental study

نویسندگان

چکیده

We experimentally explore indefinitely repeated contests. Theory predicts more cooperation, in the form of lower expenditures, contests with a longer expected time horizon. Our data support this prediction, although result attenuates contest experience. also cooperation compared to finitely same length, and we find empirical for this. Finally, theory no difference across winner-take-all proportional-prize contests, yet evidence less latter, though only treatments played. paper extends experimental literature on games and, generally, contributes an infant behavior “large” strategy spaces.

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Five Indefinitely Repeated Games in the Laboratory

I experimentally test play in five indefinitely repeated games: a hawk-dove game, a game of chicken, a trust game, a coordination (stag-hunt) game, and a constant-sum game. I compare the different game histories that affect decision making in each of the games. I find that the common game history relevant to decision-making across all but the constant-sum game is consistent with the strategy ti...

متن کامل

Repeated contests with asymmetric information

The same contestants often meet repeatedly in contests. Behavior in a contest potentially provides information with regard to one’s type and can therefore in‡uence the behavior of the opponents in later contests. This paper shows that if e¤ort is observable, this can induce a ratchet e¤ect in contests: high ability contestants sometimes put in little e¤ort in an early round in order to make the...

متن کامل

An experimental investigation of asymmetric contests∗

Contest theory has been used in Industrial Organization to describe phenomena like R&D races, or efforts to defend a monopoly position. When pricing behavior is constrained by regulators, competition can also take the form of a contest. This paper reports on an experimental test of the effects of asymmetry in the Tullock contest success function. Both the simultaneousmove and sequential-move fr...

متن کامل

Constructing Strategies in the Indefinitely Repeated Prisoner’s Dilemma Game∗

We propose a new approach for running lab experiments on indefinitely repeated games with high continuation probability. This approach has two main advantages. First, it allows us to run multiple long repeated games per session. Second, it allows us to incorporate the strategy method with minimal restrictions on the set of strategies that can be implemented. This gives us insight into what happ...

متن کامل

Resource Allocation Contests: Experimental Evidence

Across many forms of rent seeking contests, the impact of risk aversion on equilibrium play is indeterminate. We design an experiment to compare individuals’ decisions across three contests which are isomorphic under risk-neutrality, but are typically not isomorphic under other risk preferences. The pattern of individual play across our contests is not consistent with a Bayes-Nash equilibrium f...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Experimental Economics

سال: 2021

ISSN: ['1386-4157', '1573-6938']

DOI: https://doi.org/10.1007/s10683-021-09703-0