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We examine how the probability of persuading an audience depends on resources expended by contending parties as well as on other factors. We use a Bayesian approach whereby the audience makes inferences solely based on the evidence produced by the contestants. We find conditions that yield the...
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Tournaments, conflict, and rent-seeking have been modelled as contests in which participants exert effort to increase their probability of winning a prize. A Contest Success Function (CSF) provides each player's probability of winning as a function of all players' efforts. In this paper the...
Persistent link: https://www.econbiz.de/10005370943
Tournaments, conflicts, and rent-seeking have been modeled as contests in which participants exert effort to increase their probability of winning a prize. A Contest Success Function (CSF) provides each player's probability of winning as a function of all players' efforts. In this paper, the...
Persistent link: https://www.econbiz.de/10005155389
This paper examines the problem of the formation of alliances in conflict and, more generally, in contests with three players. Each player possesses an exogenous strategic endowment (e.g., arms, efforts, rent-seeking activity). The outcome of contests, including those between any alliances of...
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