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This paper considers a contest setting in which a challenger chooses between one of two contests to enter after observing the level of defense at each. Despite the challenger’s chance of success being determined by a proportional contest success function, the defenders effectively find...
Persistent link: https://www.econbiz.de/10011190797
This paper considers a situation in which an attacker can select among two possible targets for a single concentrated attack after observing the level of defense at each. Despite the attacker’s chance of success being determined by a proportional contest success function, if each target is...
Persistent link: https://www.econbiz.de/10014166787