Contests for shares of an uncertain resource

التفاصيل البيبلوغرافية
العنوان: Contests for shares of an uncertain resource
المؤلفون: E. Lance Howe, Matthew Reimer, Jonathan E. Alevy, Kyle Borash, Cary Deck
المصدر: Journal of Environmental Economics and Management. 107:102429
بيانات النشر: Elsevier BV, 2021.
سنة النشر: 2021
مصطلحات موضوعية: Microeconomics, Economics and Econometrics, Resource (project management), Process (engineering), Fishing, Fish , Business, Management, Monitoring, Policy and Law, Laboratory experiment, Experimental economics, CONTEST, Test (assessment)
الوصف: The process of allocating rights to resources can be viewed as a contest: parties compete with each other for the right to claim a larger allocation. In some situations, the amount of the resource that is available to allocate may be unknown when parties are competing for shares and perhaps not realized until contestants actually attempt to claim their shares of the resource. For example, fishing quotas may be awarded based on estimated fish populations, but if there are fewer fish than anticipated, those who are last to harvest may not be able to fill their quota. We model contests of this form and test the predictions of the model using a controlled laboratory experiment. The general result, supported by both theory and experimental data, is that participants compete less intensively for shares of the resource when uncertainty regarding the size of the prize is resolved later in the process.
تدمد: 0095-0696
DOI: 10.1016/j.jeem.2021.102429
URL الوصول: https://explore.openaire.eu/search/publication?articleId=doi_________::f2da1b6712b93d41a754b6586908def3
https://doi.org/10.1016/j.jeem.2021.102429
Rights: OPEN
رقم الانضمام: edsair.doi...........f2da1b6712b93d41a754b6586908def3
قاعدة البيانات: OpenAIRE
الوصف
تدمد:00950696
DOI:10.1016/j.jeem.2021.102429