Blar i Department of Economics på forfatter "Treich, Nicolas"
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The power of money : wealth effects in contests
Schroyen, Fred; Treich, Nicolas (Discussion Papers;13/2013, Working paper, 2013-06)Two wealth effects typically arise in any contest: i) wealth decreases the marginal cost of effort, but also ii) decreases the marginal benefit of winning the contest. In this paper, we introduce three types of strategic ...