Resource Allocation Contests: Experimental Evidence by Federal Trade Commission

Resource Allocation Contests: Experimental Evidence

Federal Trade Commission

32 pages missing pub info (editions)

nonfiction science
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Description

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 typic...

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