Showing 1 - 6 of 6
We study contests with technological uncertainty, where contestants can invest in different technologies of uncertain value. The principal can disclose an informative yet noisy public signal about the merit of each technology, which can focus investments into more promising ones or increase...
Persistent link: https://www.econbiz.de/10014083248
We study information disclosure and diversification in contests with technological uncertainty, where agents can pursue different technologies to compete in the contest, but there is uncertainty regarding which will be implemented ex post. The principal can credibly reveal some information about...
Persistent link: https://www.econbiz.de/10012872186
Persistent link: https://www.econbiz.de/10015185086
We study signaling in dynamic contests with heterogeneous players. A privately-informed challenger faces a sequence of rivals of known types. The type of future rivals determines which signal the challenger wants to produce, whereas the strategic response of current rivals determines the extent...
Persistent link: https://www.econbiz.de/10013292789
Should a challenger face rivals simultaneously or sequentially? If sequentially, should he face weak or strong rivals first? To address these questions, we study signaling in dynamic contests, where a privately-informed challenger faces a sequence of rivals. Against heterogenous opponents, the...
Persistent link: https://www.econbiz.de/10014260226
We consider strategic behavior in non-Coasean litigation: private disputes such that the court's judgment may influence the final allocation of rights even if transaction costs are zero. This occurs when the law prohibits otherwise-profitable efforts to contract around the court's judgment. This...
Persistent link: https://www.econbiz.de/10013231047