contests. Players may win a prize for winning each component contest, as well as a prize for winning the overall race. Each …We study equilibrium in a multistage race in which players compete in a sequence of simultaneous move component … component contest is an all-pay auction with complete information. We characterize the unique equilibrium analytically and …

contests. Players may win a prize for winning each component contest, as well as a prize for winning the overall race. Each …We study equilibrium in a multistage race in which players compete in a sequence of simultaneous move component … component contest is an all-pay auction with complete information. We characterize the unique equilibrium analytically and …

contests. Players may win a prize for winning each component contest, as well as a prize for winning the overall race. Each …We study equilibrium in a multistage race in which players compete in a sequence of simultaneous move component … component contest is an all-pay auction with complete information. We characterize the unique equilibrium analytically and …

which the player expending the greater resources wins. In equilibrium, contest effort concentrates on at most two adjacent … by which the allocation of prizes are governed by possibly repeated conflict. Our results contribute to an explanation … why. Compared to a single stage conflict, such structures can reduce the overall resources that are dissipated among the …

In a dynamic contest where it is costly to compete, a player who is behind must decide whether to surrender or to keep …-battle contest with a winning prize and losing penalty, as well as the contrasting prediction of surrendering in the corresponding … contest with no penalty. We find varied evidence in support of these hypotheses in the aggregated data, but more conclusive …

earn a positive expected payoff from participating in the contest, which may explain why they participate. We also show … that it reduces the strong discouragement effects and hold-up problems that may otherwise emerge in such games. High own … ability dispersion selects such players into the contest and favors them in elimination contests. …

We investigate a multi-period contest model in which a contestant.s present success gives an advantage over a rival in …

While the game-theoretic analysis of conflict is often based on the assumption of multiplicative noise, additive noise … the equilibrium set of the n-player difference-form contest with heterogeneous valuations. For high and intermediate … valuations, we obtain a partial uniqueness result for symmetric equilibria. As the contest becomes increasingly decisive, at …

-maximizing contest is always a match race, where the optimal length of the race increases as the technology of the component contest …. We start by showing that any contest that satisfies our assumptions decomposes into two phases, a principal phase (in …). Degenerate cases are the finite-horizon contests on the one hand (e.g., the match race), and the tug-of-war on the other. Next …