Working Paper
All-pay-all Aspects of Political Decision Making
Thomas Giebe, Paul Schweinzer
CESifo, Munich, 2013
CESifo Working Paper No. 4330
CESifo, Munich, 2013
CESifo Working Paper No. 4330
We study decision making processes with non-standard all-pay structures. We motivate this interest through a group of regulatory, political, legal, military, and economic applications where individual actions determine the consequences for a larger group or the public. The common features of these examples are a competitive environment, winner-take-all reward structure, and some form of all-pay-all payment rule.
CESifo Category
Public Choice
Industrial Organisation
Public Choice
Industrial Organisation
Keywords: auctions, contests, regulation, conflict
JEL Classification: C700, D700, L500