Exclusion in the all-pay auction: An experimental investigation

Fehr, Dietmar; Schmid, Julia

[working paper]

dc.contributor.author	Fehr, Dietmar	de
dc.contributor.author	Schmid, Julia	de
dc.date.accessioned	2020-10-26T15:10:19Z
dc.date.available	2020-10-26T15:10:19Z
dc.date.issued	2017	de
dc.identifier.uri	https://www.ssoar.info/ssoar/handle/document/70267
dc.description.abstract	Contest designers or managers who want to maximize the overall revenue of a contest (relative performance scheme) are frequently concerned with a trade-off between contest homogeneity and inclusion of contestants with high valuations. In our experimental study, we find that it is not profitable to exclude the most able bidder in favor of greater homogeneity among the remaining bidders, even if the theoretical exclusion principle predicts otherwise. This is because the strongest bidders are willing to give up a substantial part of their expected rent and prefer a strategy that ensures a lower but secure pay-off.	de
dc.language	en	de
dc.subject.ddc	Wirtschaft	de
dc.subject.ddc	Economics	en
dc.subject.other	C72; C92; D84; all-pay auction; superstars	de
dc.title	Exclusion in the all-pay auction: An experimental investigation	de
dc.description.review	unbekannt	de
dc.description.review	unknown	en
dc.source.volume	SP II 2017-202	de
dc.publisher.country	DEU
dc.publisher.city	Berlin	de
dc.source.series	Discussion Papers / Wissenschaftszentrum Berlin für Sozialforschung, Forschungsschwerpunkt Markt und Entscheidung, Abteilung Verhalten auf Märkten
dc.subject.classoz	Volkswirtschaftstheorie	de
dc.subject.classoz	National Economy	en
dc.subject.thesoz	Markt	de
dc.subject.thesoz	market	en
dc.subject.thesoz	Wettbewerb	de
dc.subject.thesoz	competition	en
dc.subject.thesoz	Experiment	de
dc.subject.thesoz	experiment	en
dc.subject.thesoz	Heterogenität	de
dc.subject.thesoz	heterogeneity	en
dc.subject.thesoz	Auktion	de
dc.subject.thesoz	auction	en
dc.rights.licence	Deposit Licence - Keine Weiterverbreitung, keine Bearbeitung	de
dc.rights.licence	Deposit Licence - No Redistribution, No Modifications	en
ssoar.contributor.institution	WZB	de
internal.status	formal und inhaltlich fertig erschlossen	de
internal.identifier.thesoz	10034440
internal.identifier.thesoz	10047904
internal.identifier.thesoz	10043015
internal.identifier.thesoz	10073824
internal.identifier.thesoz	10068068
dc.type.stock	monograph	de
dc.type.document	Arbeitspapier	de
dc.type.document	working paper	en
dc.source.pageinfo	44	de
internal.identifier.classoz	1090301
internal.identifier.document	3
dc.contributor.corporateeditor	Wissenschaftszentrum Berlin für Sozialforschung gGmbH
internal.identifier.corporateeditor	381
internal.identifier.ddc	330
dc.description.pubstatus	Veröffentlichungsversion	de
dc.description.pubstatus	Published Version	en
internal.identifier.licence	3
internal.identifier.pubstatus	1
internal.identifier.review	4
internal.identifier.series	961
internal.dda.reference	https://www.econstor.eu/oai/request@@oai:econstor.eu:10419/157372
dc.identifier.handle	http://hdl.handle.net/10419/157372	de
ssoar.urn.registration	false	de

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Volkswirtschaftstheorie
Economic Theory

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