Showing 1 - 10 of 1,298
the opportunity to engage in a sequence of battles in an attempt to win the war. Each battle is an all-pay auction in … states of the game, the "tipping states", which are determined by the contestants' relative strengths, their distances to … by which the allocation of prizes are governed by possibly repeated conflict. Our results contribute to an explanation …
Persistent link: https://www.econbiz.de/10010274454
This paper studies sabotage in a contest with non-identical players. Unlike previous papers, we consider sabotage in an elimination contest and allow contestants to sabotage a potential or future rival. It turns out that for a certain partition of players there is a pure-strategy equilibrium in...
Persistent link: https://www.econbiz.de/10010261299
, we show that substituting the auction contest success function for the lottery contest success function in a conflict may … radicals. Our results demonstrate the importance of the choice of the institutions of conflict, as modeled by the contest …
Persistent link: https://www.econbiz.de/10010281941
all-pay auction is appealing in two senses. First, it ensures exceptional equitable final prize valuations. Second, it is …
Persistent link: https://www.econbiz.de/10010280823
Contests between groups are plagued by intra-group externalities (freeriding). Yet, costless incentive schemes that entirely avoid free-riding within a group might not be desirable, neither individually nor socially. In contests among two groups, a relatively weak (i.e., small or unproductive)...
Persistent link: https://www.econbiz.de/10010270878
We study the role of inter-group differences in the emergence of conflict. In our setting, two groups compete for the …, that the opposition can either accept, or reject and wage conflict. Expropriating a large share of resources increases … of conflict. In equilibrium, allocations are non-monotonic in the cost of mobility. Moreover, limited commitment with …
Persistent link: https://www.econbiz.de/10010280829
I study a two-period model of conflict with two combatants and a third party who is an ally of one of the combatants …. There exist perfect Bayesian equilibria in which the third party's intervention worsens the conflict by energizing her ally … to withdraw from or stay in the conflict is based on her prior beliefs and not on the current conditions of the conflict …
Persistent link: https://www.econbiz.de/10010270600
We characterize the equilibrium of the all-pay auction with general convex cost of effort and sequential effort choices … to their choice of timing. In the most prominent equilibrium the player with the lowest cost of effort wins the auction …
Persistent link: https://www.econbiz.de/10010261378
We analyze equilibria of two-player contests where players have intention-based preferences. We find that players invest more effort compared to the case with selfish preferences and are even willing to exert effort when the monetary value of the prize converges to zero. As a consequence,...
Persistent link: https://www.econbiz.de/10010291500
In standard coalition games, players try to form a coalition to secure a prize and a coalition agreement specifies how the prize is to be split among its members. However, in practical situations where coalitions are formed, the actual split of the prize often takes place after the coalition...
Persistent link: https://www.econbiz.de/10013235112