Commitment in Symmetric Contests

The paper proves that in two-player logit form symmetric contests with concave success function, commitment to a particular strategy does not increase a player's payoff, while in contests with more than two players it does. The paper also provides a contest-like game in which commitment does not increase a player's payoff for any number of players.

MoreLess

Authors:	Possajennikov, Alex
Institutions:	School of Economics, University of Nottingham
Subject:	contests \| commitment

More details

Extent:	application/pdf
Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005465017