Showing 1 - 10 of 1,764
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 of contest, results in the allocation of players to contests that …
Persistent link: https://www.econbiz.de/10011718621
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
I characterize the optimal accuracy level r of an unbiased Tullock contest between two players with heterogeneous prize … contest with an all-pay auction equilibrium (r ≥ 2). By contrast, if she aims at maximizing the expected aggregate effort or … the winner’s expected effort, she will choose a contest with a pure-strategy equilibrium, and the optimal accuracy level r …
Persistent link: https://www.econbiz.de/10012886568
We model the dynamic contest between two players as a game of tug-of-war with a Tullock contest success function (CSF …
Persistent link: https://www.econbiz.de/10012165990
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 discouragement effect and increase the designer's revenue. We test these predictions …
Persistent link: https://www.econbiz.de/10011489403
first-best revenue. In the lottery contest, head starts are less effective than biases and combining both instruments cannot … unambiguous revenue-ranking of all six combinations of contest formats and instruments. …
Persistent link: https://www.econbiz.de/10011586301
-terms) the player acting in the final two matches. The reason is the substantially weaker than predicted discouragement of this …
Persistent link: https://www.econbiz.de/10015202740
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
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
antagonistic lobbying constitutes a contest among the bureaucrats. This paper characterizes the Nash equilibria in lobbying and …
Persistent link: https://www.econbiz.de/10011514012