Perfectly discriminating contests (or all pay auction) are widely used as a model of situations where individuals … devote resources to win some prize. In reality such contests are often preceded by investments of the contestants into their … timing of investment are studied. With simultaneous investments, equilibria in which players play a pure strategy in the …

where no contestant would wish to change his choice of contest, results in the allocation of players to contests that … maximizes aggregate equilibrium effort. For a class of oligopoly models that are equivalent to contests, this implies output …

We study innovation contests with asymmetric information and identical contestants, where contestants' efforts and … payoffs for both nondiscriminatory and discriminatory (where the reward is contestant-dependent) contests. We derive …

simultaneous R&D contests for complementary patents and how they interact with patent portfolios that firms may have acquired … already. We also consider how this interaction and the intensity of the contests depends on the type of patent trade regimes …

very different effects depending on the contest structure. We observe the highest rent dissipation in stochastic contests … when players only get feedback on own choices and earnings. In these contests aggregate expenditures usually exceed the …. In contrast, in deterministic contests average expenditures converge to equilibrium levels when subjects only get …

This paper studies a large class of imperfectly discriminating contests, referred to as elastic contests, that induce … definite answers regarding the extent of rent dissipation in Tullock contests with intermediate values of the decisiveness …

simple asymmetric contest in which contestants differ in the effectiveness of their efforts? For two-player contests the …