Two-Stage Elimination Contests with Endogenous Continuation Values: An Analytical Solution

This paper analyzes a two-stage pairwise elimination contest with heterogeneous agents. It derives analytical expressions for equilibrium efforts in a setting where the two simultaneous stage-1 interactions are linked through endogenously determined continuation values.

MoreLess

Year of publication:	2012-08
Authors:	Stracke, Rudi ; Kerschbamer, Rudolf ; Sunde, Uwe
Institutions:	School of Economics and Political Science, Universität St. Gallen
Subject:	Multi-Stage Elimination Contest \| Heterogeneity \| Endogenous Continuation Value

More details

Extent:	application/pdf
Series:	Economics Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	Number 1220 11 pages
Classification:	C72 - Noncooperative Games ; D72 - Economic Models of Political Processes: Rent-Seeking, Elections, Legistures, and Voting Behavior ; J33 - Compensation Packages; Payment Methods
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010568454