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We study how norms can solve distributional conflict inside a clan and the efficient coordination of collective action in a conflict with an external enemy. We characterize a fully non-cooperative equilibrium in a finite game in which a self-enforcing norm coordinates the members on efficient...
Persistent link: https://www.econbiz.de/10014224386
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/10003891850
In the equilibrium of the all-pay auction with two groups of individual players who move sequentially, only the player with the lowest effort cost has a positive payoff. This payoff and the overall dissipation crucially depend on group composition. -- Sequential all-pay auction ; complete...
Persistent link: https://www.econbiz.de/10003892031
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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/10003297492
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Persistent link: https://www.econbiz.de/10003552786
Persistent link: https://www.econbiz.de/10003482466
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/10013318118
Persistent link: https://www.econbiz.de/10013400981