Many economic, political and social environments can be described as contests in which
agents exert costly effort while competing over the distribution of a scarce resource. These …

We provide an overview of experimental literature on contests and point out the two main
phenomena observed in most contest experiments:(i) overbidding relative to the standard …

This paper reconsiders the wide agreement that females are more risk averse than males.
We survey the existing experimental literature, finding that significance and magnitude of …

This article experimentally studies a two-stage elimination contest and compares its
performance with a one-stage contest. Contrary to the theory, the two-stage contest …

We review the main economic models of war and conflict. These models vary in details, but
their implications are qualitatively consistent, highlighting key commonalities across a …

This experiment compares the performance of two contest designs: a standard winner-take-
all tournament with a single fixed prize, and a novel proportional-payment design in which …

We experimentally investigate the effect of social identification and information feedback on
individual behavior in contests. In all treatments, we find significant overexpenditure of effort …

We study experimentally the effects of cost structure and prize allocation rules on the
performance of rent-seeking contests. Most previous studies use a lottery prize rule and …

We conduct an experimental analysis of a best-of-three Tullock contest. Intermediate prizes
lead to higher efforts, while increasing the role of luck (as opposed to effort) leads to lower …

We construct a generalized Tullock contest under complete information where contingent
upon winning or losing, the payoff of a player is a linear function of prizes, own effort, and the …