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This paper studies a bargaining game with one buyer and multiple sellers of different "sizes" or bargaining strengths. The bargaining order is determined by the buyer. If the buyer can commit to a bargaining order, there is a unique subgame perfect equilibrium outcome where the buyer bargains in...
Persistent link: https://www.econbiz.de/10014190706
This paper considers a situation in which participants with heterogeneous ability types are grouped into different competitions for performance ranking. In a contest, there may be performance spillovers, because of which a participant can benefit from others' performance. A planner can allocate...
Persistent link: https://www.econbiz.de/10013005052
This paper considers a situation in which students with heterogeneous ability types are grouped into different competitions for performance ranking. A planner can group the students and design prize structure in each competition in order to maximize the weighted total performance subject to a...
Persistent link: https://www.econbiz.de/10013211436
This paper generalizes the results of Siegel (2009, 2010) to accommodate performance spillovers. More precisely, we show that, if for any player, spillover from other players' performance is independent of his own performance, and if the spillover enters any player's payoff in an additively...
Persistent link: https://www.econbiz.de/10012979419
This paper studies a complete-information bargaining game with one buyer and multiple sellers of different "sizes" or bargaining strengths. The bargaining order is determined by the buyer. If the buyer can commit to a bargaining order, there is a unique subgame perfect equilibrium outcome where...
Persistent link: https://www.econbiz.de/10013026446
This paper studies complete-information, all-pay contests with asymmetric players competing for heterogeneous prizes. In these contests, each player chooses a performance level or "score". The first prize is awarded to the player with the highest score, the second -- less valuable -- prize to...
Persistent link: https://www.econbiz.de/10013026559
Persistent link: https://www.econbiz.de/10015189453
This paper studies complete-information, all-pay contests with asymmetric players competing for multiple heterogeneous prizes. In these contests, each player chooses a performance level or score. The first prize is awarded to the player with the highest score,the second,less valuable prize to...
Persistent link: https://www.econbiz.de/10010903389