Konrad, Kai A.; Kovenock, Dan - Wissenschaftszentrum Berlin für Sozialforschung (WZB) - 2011
We study an all-pay contest with multiple identical prizes (lifeboat seats). Prizes are partitioned into subsets of … prizes (lifeboats). Players play a two-stage game. First, each player chooses an element of the partition (a lifeboat). Then … that the partitioning of prizes allows for coordination failure among players when they play nondegenerate mixed strategies …