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- W4308748035 abstract "Abstract We characterise the strategic equivalence among k -winner contests using simultaneous and sequential winner selection. We test this prediction of strategic equivalence using a series of laboratory experiments, contrasting 1-winner contests with 2-winner contests, varying in the latter whether the outcome is revealed sequentially or in a single stage. We find that in the long run, average bidding levels are similar across strategically-equivalent contests. However, adaptation in 2-winner contests is slower and less systematic, which is consistent with the property that simultaneous winner selection results in outcomes that are more random than in the 1-winner case." @default.
- W4308748035 created "2022-11-15" @default.
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- W4308748035 date "2022-11-09" @default.
- W4308748035 modified "2023-10-01" @default.
- W4308748035 title "And the first runner-up is...: comparing winner selection procedures in multi-winner Tullock contests" @default.
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- W4308748035 doi "https://doi.org/10.1007/s10058-022-00315-5" @default.
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