encroacher’s valuation of the asset is increasing in the asset owner’s investment. Due to incomplete property rights, the … encroacher and asset owner engage in a contest over the control of the asset after investment has taken place. A standard result … is that the asset owner will underinvest in the asset relative to the first-best level of investment when property rights …

We study innovation contests with asymmetric information and identical contestants, where contestants’ efforts and … payoffs for both nondiscriminatory and discriminatory (where the reward is contestant-dependent) contests. We derive …

We define an indirect evolutionary approach formally and apply it to (Tullock) contests. While it is known (Leininger …-player contests. The evolutionarily stable preferences (ESP) of the indirect approach turn out to be negatively interdependent …

We analyze Nash equilibria of share and probabilistic contests when players have distributional preferences. If players … the value of the prize (overdissipation), and they are also in line with the findings for share contests. If players are …

We analyze equilibria of two-player contests where players have intention-based preferences. We find that players …

where no contestant would wish to change his choice of contest, results in the allocation of players to contests that … maximizes aggregate equilibrium effort. For a class of oligopoly models that are equivalent to contests, this implies output …

. This paper analyses the investment incentives of such agents and the role of incumbency advantages in the contest …. Depending on the advantages, an increase in the productivity of the investment can decrease or increase the amount of investment …. The results are applied to autocrats' investment behavior and job specific investment in organizations. …