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Equilibrium and efficiency in the tug-of-war

Konrad, Kai A. (contributor); … - 2005

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/10003202472

Self-allocation in contests

Bernergård, Axel; Wärneryd, Karl Erik - 2017

We consider contestants who must choose exactly one contest, out of several, to participate in. We show that when the contest technology is of a certain type, or when the number of contestants is large, a self-allocation equilibrium, i.e., one where no contestant would wish to change his choice...

Persistent link: https://www.econbiz.de/10011718621

Generalizations of the General Lotto and Colonel Blotto games

Kovenock, Daniel J.; Roberson, Brian - 2015

In this paper, we generalize the General Lotto game and the Colonel Blotto game to allow for battlefield valuations that are heterogeneous across battlefields and asymmetric across players, and for the players to have asymmetric resource constraints. We completely characterize Nash equilibrium...

Persistent link: https://www.econbiz.de/10010503467

A dynamic theory of secession

Esteban Marquillas, Joan María; Flamand, Sabine; … - 2018

relative size and the relative surplus contribution of the minority group, conflict followed by secession can occur. Accepted …

Persistent link: https://www.econbiz.de/10011906250

Direct and structural discrimination in contests

Mealem, Yosef; Nitsan, Shemuʾel - 2013

This paper evaluates direct and structural discrimination as a means of increasing efforts in the most widely studied contests. We establish that a designer who maximizes efforts subject to a balanced-budget constraint prefers dual discrimination, namely, change of the contestants ́prize...

Persistent link: https://www.econbiz.de/10010223058

Intention-based fairness preferences in two-player contests

Hoffmann, Magnus; Kolmar, Martin - 2013

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/10009702885

Contests among bureaucrats

Bös, Dieter - 2002

This paper deals with double lobbying: several bureaucrats participate in joint lobbying to get a high total departmental budget, but they also engage in antagonistic lobbying to reap as high a share of the total budget as possible. The antagonistic lobbying constitutes a contest among the...

Persistent link: https://www.econbiz.de/10011514012

Designing contests between heterogeneous contestants : an experimental study of tie-breaks and bid-caps in all-pay auctions

Llorente-Saguer, Aniol; Sheremeta, Roman M.; Szech, Nora - 2016

A well-known theoretical result in the contest literature is that greater heterogeneity decreases performance of contestants because of the "discouragement effect." Leveling the playing field by favoring weaker contestants through bid-caps and favorable tie-breaking rules can reduce the...

Persistent link: https://www.econbiz.de/10011489403

Optimal favoritism in all-pay auctions and lottery contests

Franke, Jörg; Leininger, Wolfgang; Wasser, Cédric - 2016

. In the all-pay auction, head starts are more effective than biases while optimally combining both instruments even yields …

Persistent link: https://www.econbiz.de/10011586301

Round-robin tournaments in the lab : lottery contests vs. all-pay auctions

Lauber, Arne; March, Christoph; Sahm, Marco - 2025

We conduct a laboratory experiment to compare the fairness and intensity of round-robin tournaments with three symmetric players, a single prize, and two alternative match formats. Matches are either organized as lottery contests or all-pay auctions. Whereas we confirm the theoretical prediction...

Persistent link: https://www.econbiz.de/10015202740