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contests. Players may win a prize for winning each component contest, as well as a prize for winning the overall race. Each …We study equilibrium in a multistage race in which players compete in a sequence of simultaneous move component … component contest is an all-pay auction with complete information. We characterize the unique equilibrium analytically and …
Persistent link: https://www.econbiz.de/10010334077
which the player expending the greater resources wins. In equilibrium, contest effort concentrates on at most two adjacent … by which the allocation of prizes are governed by possibly repeated conflict. Our results contribute to an explanation … why. Compared to a single-stage conflict, such structures can reduce the overall resources that are dissipated among the …
Persistent link: https://www.econbiz.de/10010274454
which the player expending the greater resources wins. In equilibrium, contest effort concentrates on at most two adjacent … by which the allocation of prizes are governed by possibly repeated conflict. Our results contribute to an explanation … why. Compared to a single stage conflict, such structures can reduce the overall resources that are dissipated among the …
Persistent link: https://www.econbiz.de/10010333854
We characterize the equilibrium of the all-pay auction with general convex cost of effort and sequential effort choices. We consider a set of n players who are arbitrarily partitioned into a group of players who choose their efforts ?early? and a group of players who choose ?late?. Only the...
Persistent link: https://www.econbiz.de/10010261378
This paper studies sabotage in a contest with non-identical players. Unlike previous papers, we consider sabotage in an … elimination contest and allow contestants to sabotage a potential or future rival. It turns out that for a certain partition of …
Persistent link: https://www.econbiz.de/10010261299
which the player expending the greater resources wins. In equilibrium, contest effort concentrates on at most two adjacent … by which the allocation of prizes are governed by possibly repeated conflict. Our results contribute to an explanation … why. Compared to a single stage conflict, such structures can reduce the overall resources that are dissipated among the …
Persistent link: https://www.econbiz.de/10010307027
such as race, gender, or ethnicity is much less acceptable. Why? I develop a simple rent-seeking model of conflict which is …History is replete with overt discrimination on the basis of race, gender, age, citizenship, ethnicity, marital status …
Persistent link: https://www.econbiz.de/10010264357
We consider a general class of imperfectly discriminating contests with privately informed players. We show that findings by Athey (2001) imply the existence of a Bayesian Nash equilibrium in monotone pure strategies.
Persistent link: https://www.econbiz.de/10010333804
We present a general model of two players contest with two types of efforts. Contrary to the classical models of … contest, where each player chooses a unique effort, and where the outcome depends on the efforts of all the players … the defence of the opponent. This model has many applications like political campaigning, wars, competition among lobbies …
Persistent link: https://www.econbiz.de/10010312400
We investigate a multi-period contest model in which a contestant.s present success gives an advantage over a rival in …
Persistent link: https://www.econbiz.de/10011335594