abilities. This, in turn, has adverse consequences for who might want to participate in a tournament. Since better contestants … anticipate that they will be sabotaged more strongly, it may happen that the most able stay out and the tournament selects one of …

We propose a novel tournament design that incorporates the main properties of a round-robin tournament, a Swiss … tournament, and a race. Following an equilibrium analysis, we compare 36 tournament structures inherent in our model and several … well-known tournament models from the literature, on the basis of expected total equilibrium effort. We show that two of …

The paper presents the concept of an imitation equilibrium and explores it in the context of some simple oligopoly …

We develop a product market theory that explains why firms invest in general training of their workers. We consider a …

This paper derives a three stage Cournot-oligopoly game for product innovation, expenditure on introducing the product …