
We experimentally study overbidding in contests and find that overbidding is significantly higher when subjects are given a large per-experiment endowment rather than when the endowment is given per-period. Risk-aversion and non-monetary utility of winning can partially explain our findings.
overbidding, contest, endowment, rent-seeking, experiments, rent-seeking, contest, experiments, overbidding, endowment, jel: jel:C91, jel: jel:C72, jel: jel:D72
overbidding, contest, endowment, rent-seeking, experiments, rent-seeking, contest, experiments, overbidding, endowment, jel: jel:C91, jel: jel:C72, jel: jel:D72
| selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | 74 | |
| popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network. | Top 10% | |
| influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Top 10% | |
| impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network. | Top 10% |
