50 research outputs found

    Public Good Overprovision by a Manipulative Provider

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    We study contracting between a public good provider and users with private valuations of the good. We show that, once the provider extracts the users' private information, she benefits from manipulating the collective information received from all users when communicating with them. We derive conditions under which such manipulation determines the direction of distortions in public good provision. If the provider is non-manipulative, the public good is always underprovided, whereas overprovision occurs with a manipulative provider. With overprovision, not only high-valuation users, but also low-valuation users may obtain positive rents—users may prefer facing a manipulative provider.Peer Reviewe

    A Survey of Experimental Research on Contests, All-Pay Auctions and Tournaments

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    Many economic, political and social environments can be described as contests in which agents exert costly efforts while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all-pay auctions and rankorder tournaments. This survey provides a review of experimental research on these three canonical contests. First, we review studies investigating the basic structure of contests, including the contest success function, number of players and prizes, spillovers and externalities, heterogeneity, and incomplete information. Second, we discuss dynamic contests and multi-battle contests. Then we review research on sabotage, feedback, bias, collusion, alliances, and contests between groups, as well as real-effort and field experiments. Finally, we discuss applications of contests to the study of legal systems, political competition, war, conflict avoidance, sales, and charities, and suggest directions for future research. (author's abstract

    The Effect of Inter-group Competition in the Prisoner’s Dilemma Game

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    Face value in A Tale of Two Cities

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    This essay considers how proper names and faces construct, destruct, and reconstruct social identity in A tale of two cities. Manette’s identification at the start of the novel, for example, occurs chiefly through a recalled proper name and face. As the French Revolution worked to destroy privileged, individuated identities, so too have contemporary theories of identity, which dismiss individual identity and remain preoccupied with identity at the level of common nouns and generic bodies. However, the near escape of Louis XVI in 1791 highlighted the failure of common noun categorisations and generic bodies to establish social identity. Named and disguised as a valet, Louis was identified by the resemblance of his embodied face to its representation on the money of the period. This picture-identification ushered in a law requiring facial descriptions in passports. Madame Defarge’s knitted register follows pattern of these descriptions. The nearly identical faces of Darnay and Carton, however, thwart her attempts at picture-identification. Where the shared family name and face condemn Darnay by association, physiognomical resemblance to the unrelated Carton saves him. It rescues not only Darnay but also Carton from legal, moral, female, and lower-class condemnation, allowing the French aristocrat to escape public guilt by family, class, and national association and the degraded English middle-class professional to emerge sanitised from his private moral guilt as an international, intergenerational hero. The process operates under a model of simile. Simile, eschewing the metaphoric merger and metonymic displacement reserved for women and the lower classes in the novel, allows each man to exchange his guilt for the other man’s innocence and innocence for the other man’s guilt. It ushers in a perpetual identity theft that allows the individual sins and class crimes of ruling males to pass unaccounted for and be refigured as innocence and heroism
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