Dynamic contests

Considering several main types of dynamic contests (the race, the tug-of-war, elimination contests and iterated incumbency fights) we identify a common pattern: the discouragement effect. This effect explains why the sum of rentseeking efforts often falls considerably short of the prize that is at stake. It may cause violent conflict in early rounds, but may also lead to long periods of peaceful interaction.

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Year of publication:	2010
Authors:	Konrad, Kai A.
Publisher:	Berlin : Wissenschaftszentrum Berlin für Sozialforschung (WZB)

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Series:	WZB Discussion Paper ; SP II 2010-10
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	682403016 [GVK] hdl:10419/54579 [Handle] RePEc:zbw:wzbfff:SPII201010 [RePEc]
Source:	EconStor

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