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Endogenous Timing in General Rent-Seeking and Conflict Models

Hoffmann, Magnus; Rota Graziosi, Gregoire - Volkswirtschaftliche Fakultät, … - 2010

This paper examines simultaneous versus sequential choice of effort in a two player contest with a general contest success function. The timing of moves, determined in a pre-play stage prior to the contest-subgame, as well as the value of the prize is allowed to be endogenous. Contrary to...

Persistent link: https://www.econbiz.de/10008493030

Endogenous Timing in General Rent‐Seeking and Conflict Models

ROTA-GRAZIOSI, Grégoire; HOFFMANN, Magnus - Centre d'Études et de Recherches sur le Développement … - 2010

This paper examines simultaneous versus sequential choice of effort in a twoplayer contest with a general contest success function. The timing of moves, determined in a pre‐play stage prior to the contest‐subgame, as well as the value of the prize is allowed to be endogenous. Contrary to...

Persistent link: https://www.econbiz.de/10008645007

Endogenous timing in general rent-seeking and conflict models

Hoffmann, Magnus; Rota-Graziosi, Grégoire - In: Games and Economic Behavior 75 (2012) 1, pp. 168-184

analysis of fixed-prize contests. …

Persistent link: https://www.econbiz.de/10010577243

EXISTENCE AND UNIQUENESS OF EQUILIBRIUM IN ASYMMETRIC CONTESTS WITH ENDOGENOUS PRIZES

HIRAI, SHUMEI; SZIDAROVSZKY, FERENC - In: International Game Theory Review (IGTR) 15 (2013) 01, pp. 1350005-1

This paper considers contests in which the efforts of the players determine the value of the prize. Players may have … equilibrium in asymmetric contests with endogenous prizes. …

Persistent link: https://www.econbiz.de/10010662638

Existence and Uniqueness of Pure Nash Equilibrium in Asymmetric Contests with Endogenous Prizes

Hirai, Shumei - In: Economics Bulletin 32 (2012) 4, pp. 2744-2751

contests with endogenous prizes. …

Persistent link: https://www.econbiz.de/10011278614

Existence and uniqueness of equilibrium in asymmetric contests with endogenous prizes

Hirai, Shumei; Szidarovszky, Ferenc - In: International game theory review 15 (2013) 1, pp. 1-9

Persistent link: https://www.econbiz.de/10009793161

Asymmetric Information in Common-Value Auctions and Contests: Theory and Experiments

Rentschler, Lucas Aaren - 2010

In common-value auctions and contests economic agents often havevarying levels of information regarding the value of … contests increases relative to the case of independentprizes.Chapter III experimentally considers the role of asymmetric … asymmetric information in one-shot common-valueall-pay auctions and lottery contests from both experimental and …

Persistent link: https://www.econbiz.de/10009465240

Overconfidence Can Improve an Agent's Relative and Absolute Performance in Contests

Ludwig, Sandra; Wichardt, Philipp C.; Wickhorst, Hanke - 2010

This paper suggests a potential rationale for the recent empirical finding that overconfident agents tend to self-select into more competitive environments (e.g. Dohmen and Falk, 2006). In particular, it shows that moderate overconfidence in a contest can improve the agent's performance relative...

Persistent link: https://www.econbiz.de/10010277216

Comparative analysis of litigation systems: an auction-theoretic approach

Baye, Michael R.; Kovenock, Dan; de Vries, Casper G. - 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/10010278038

The state's enforcement monopoly and the private protection of property

Grechenig, Kristoffel; Kolmar, Martin - 2011

The modern state has monopolized the legitimate use of force. This concept is twofold. First, the state is empowered with enforcement rights; second, the rights of the individuals are (partly) restricted. In a simple model of property rights with appropriation and defense activity, we show that...

Persistent link: https://www.econbiz.de/10010286713