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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/10010365876
This paper presents a unified framework for characterizing symmetric equilibrium in simultaneous move, two-player, rank-order contests with complete information, in which each player's strategy generates direct or indirect affine spillover effects that depend on the rank-order of her decision...
Persistent link: https://www.econbiz.de/10011378808
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/10013318163
Despite the wide occurrence of ties in a variety of contest settings, the strategic interaction that arises when ties …
Persistent link: https://www.econbiz.de/10013012900
Persistent link: https://www.econbiz.de/10011793374
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ability to fight in the contest. This paper studies a two stage game where in the first stage, players can invest to lower … their bid cost in a perfectly discriminating contest, which is played in the second stage. Different assumptions on the …
Persistent link: https://www.econbiz.de/10010343949
biased all-pay auction or lottery contest. While head starts are more effective than multiplicative biases in all …
Persistent link: https://www.econbiz.de/10010442277
This survey covers recent literature on lobbying, with particular focus on corporate lobbying. Three main research traditions --- contestsfor policy rent, persuasion games, and multiple means models --- are analyzed in detail. Various strategic aspects of lobbying arepresented in the context of...
Persistent link: https://www.econbiz.de/10009316408
Persistent link: https://www.econbiz.de/10012052097