It's not how you play the game, it's winning that matters: an experimental investigation of asymmetric contests

Miguel Fonseca

No 2927, Documentos de CERAC from CERAC -Centro de Recursos para el Análisis de Conflictos

Abstract: This paper reports an experimental test of asymmetric Tullock contests. Both the simultaneous-move and sequential-move frameworks are considered. The introduction of asymmetries in the contest function generates experimental behavior qualitatively consistent with the theoretical predictions. However, especially in the simultaneous-move framework, average bidding levels are in excess of the risk-neutral predictions. We conjecture that the reason behind this behavior lies in subjects attaching positive utility to victory in the contest.

Keywords: Laboratory experiments; contests; asymmetries (search for similar items in EconPapers)
JEL-codes: C72 C92 D72 (search for similar items in EconPapers)
Pages: 34
Date: 2006-02-03
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:col:000150:002927

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