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Konrad, Kai A.; Kovenock, Dan - 2010

We study an all-pay contest with multiple identical prizes (lifeboat seats). Prizes are partitioned into subsets of prizes (lifeboats). Players play a two-stage game. First, each player chooses an element of the partition (a lifeboat). Then each player competes for a prize in the subset chosen...

Persistent link: https://www.econbiz.de/10010271439

Equilibrium and efficiency in the tug-of-war

Konrad, Kai A.; Kovenock, Dan - 2005

We characterize the unique Markov perfect equilibrium of a tug-of-war without exogenous noise, in which players have the opportunity to engage in a sequence of battles in an attempt to win the war. Each battle is an all-pay auction in which the player expending the greater resources wins. In...

Persistent link: https://www.econbiz.de/10010274454

The alliance formation puzzle and capacity constraints

Konrad, Kai A.; Kovenock, Dan - 2008

mittlerer Größe es ermöglichen, beide Probleme zu überwinden und die Bildung von Allianzen Vorteile für alle Allianzmitglieder …

Persistent link: https://www.econbiz.de/10010306986

Wettbewerb um ausländische Direktinvestitionen mit "vintage investment" und Agglomerationsvorteilen

Konrad, Kai A.; Kovenock, Dan - 2008

sich in einem Land angesammelt haben, hat Agglomerationsgewinne und seine Besteuerung erlaubt es, fiskalische Einnahmen zu … Charakteristika der formalen Analyse sind diskrete Zeitperioden, ein unendlicher Zeithorizont und Investitionen, die zum … Investitionszeitpunkt mobil sind, nach erfolgter Investition immobil sind und über mehrere Perioden abschreiben. Betrachtet werden Markov …

Persistent link: https://www.econbiz.de/10010307003

The lifeboat problem

Konrad, Kai A.; Kovenock, Dan - 2011

Persistent link: https://www.econbiz.de/10010307685

Equilibrium and Efficiency in the Tug-of-War

Konrad, Kai A.; Kovenock, Dan - 2006

Persistent link: https://www.econbiz.de/10010333854

Multi-battle contests

Konrad, Kai A.; Kovenock, Dan - 2006

We study equilibrium in a multistage race in which players compete in a sequence of simultaneous move component contests. Players may win a prize for winning each component contest, as well as a prize for winning the overall race. Each component contest is an all-pay auction with complete...

Persistent link: https://www.econbiz.de/10010334077

A survey of experimental research on contests, all-pay auctions and tournaments

Dechenaux, Emmanuel; Kovenock, Dan; Sheremeta, Roman M. - 2012

Many economic, political and social environments can be described as contests in which agents exert costly efforts while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all-pay auctions and rankorder tournaments. This survey...

Persistent link: https://www.econbiz.de/10010311082

Comparative Analysis of Litigation Systems: An Auction-Theoretic Approach

Baye, Michael R.; Kovenock, Dan; De Vries, Casper - 2000

A simple auction-theoretic framework is used to examine symmetric litigation environments where the legal ownership of a disputed asset is unknown by the court. The court observes only the quality of the case presented by each party, and awards the asset to the party presenting the best case....

Persistent link: https://www.econbiz.de/10010314971

The all-pay auction with complete information and identity-dependent externalities

Klose, Bettina; Kovenock, Dan - 2013

We derive a necessary and sufficient condition for the existence of equilibria with only two active players in the all-pay auction with complete information and identity-dependent externalities. This condition shows that the generic equilibrium of the standard all-pay auction is robust to the...

Persistent link: https://www.econbiz.de/10010316873