Preemptive Behaviour in Sequential Tournaments

Rank-order tournaments are usually modeled simultaneously. However, real tournaments are often sequentially. We show that agents' strategic behavior significantly differs in sequential tournaments compared to simultaneous tournaments. In a sequential tournament, under certain conditions the first acting agent chooses a preemptively high effort so that the following agent gives up. In general, the principal will prefer simultaneous tournaments in which preemptive behavior is impossible

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Year of publication:	[2021]
Authors:	Kräkel, Matthias ; Jost, Peter J.
Publisher:	[S.l.] : SSRN
Subject:	Extensives Spiel \| Extensive form game \| Wettbewerb \| Competition \| Spieltheorie \| Game theory \| Prinzipal-Agent-Theorie \| Agency theory

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