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Experimental Investigation of Contests

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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Experimental Investigation of Contests

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  1. Experimental Investigation of Contests

  2. 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

  3. The Lottery n players V prize value endowment Xi 0 player i’s expenditure

  4. Shogren and Baik, PC 1991 • Repeated one – shot payoff matrix approach

  5. Shogren and Baik, PC 1991

  6. Shogren and Baik, PC 1991

  7. Shogren and Baik, PC 1991

  8. Shogren and Baik, PC 1991

  9. Holt “Rent Seeking,” Chapter 17 • Examples: FCC before auctions Property rights

  10. Class, 2007: Ave Individual Spending

  11. Class, 2007: Dissipation of Rent

  12. Summary

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