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Experimental Investigation of Contests. Papers. Experimental Investigation of Lotteries: r = 1 Millner and Pratt, PC 1989 Shogren and Baik, PC 1991 Potters, de Vries, and van Winden, EJPE 1998 Goeree and Holt, JEP 1999 Holt, 2007 Class, 2007. The Lottery. n players V prize value
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Papers • Experimental Investigation of Lotteries: r = 1 • Millner and Pratt, PC 1989 • Shogren and Baik, PC 1991 • Potters, de Vries, and van Winden, EJPE 1998 • Goeree and Holt, JEP 1999 • Holt, 2007 • Class, 2007
The Lottery n players V prize value endowment Xi 0 player i’s expenditure
Shogren and Baik, PC 1991 • Repeated one – shot payoff matrix approach
Holt “Rent Seeking,” Chapter 17 • Examples: FCC before auctions Property rights