Showing 1 - 5 of 5
This paper analyzes iterated incumbency contests with heterogeneous valuations in a large population setting. Incumbents repeatedly face different challengers, holding on to their positions until defeated in a contest. Defeated incumbents turn into challengers until they win a contest against an...
Persistent link: https://www.econbiz.de/10011629964
This paper presents a model in which sampling biases are evolutionary stable. We consider the sampling best response dynamics for a two-strategy population game having a unique equilibrium that is in mixed strategies. Allowing players to use differing sampling procedures, we model evolutionary...
Persistent link: https://www.econbiz.de/10011390712
This paper analyzes a tug of war contest between two teams. In each round of the tug of war a pair of agents from the opposing teams competes in a private value all-pay auction with asymmetric type distributions and effort effectiveness. Whichever team arrives fi rst at a given lead in terms of...
Persistent link: https://www.econbiz.de/10011390713
This paper analyzes a discriminatory share auction in which bidders submit non-increasing step functions with a bounded number of steps, the type space consists of private non-increasing marginal valuation functions, and the number of participants is random. I show that the interim utility can...
Persistent link: https://www.econbiz.de/10011629967
We characterize the symmetric Nash equilibria of the symmetric voter participation game with complete information introduced by Palfrey and Rosenthal (1983). Our results con rm their conjecture on the existence, multiplicity, and comparative statics of such equilibria and yield more precise...
Persistent link: https://www.econbiz.de/10011390717