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We derive a necessary and sufficient condition for the existence of equilibria with only two active players in the all-pay auction with complete information and identity-dependent externalities. This condition shows that the generic equilibrium of the standard all-pay auction is robust to the...
Persistent link: https://www.econbiz.de/10009747790
between players and the contest success functions are in Tullock form with battle-specific discriminatory power in (0, 1] and …
Persistent link: https://www.econbiz.de/10013322722
We generalize Klumpp, Konrad and Solomon's model (KKS Model) to multi-contestant sequential Colonel Blotto Games with prize functions where any contestant's prizes only depend on this contestant's own number of winning rounds. We show that with weakly monotonic prize functions and CSFs...
Persistent link: https://www.econbiz.de/10013321925
We consider a general class of imperfectly discriminating contests with privately informed players. We show that findings by Athey (2001) imply the existence of a Bayesian Nash equilibrium in monotone pure strategies.
Persistent link: https://www.econbiz.de/10008822063
I analyse a group contest in which groups decide over two dimensions of membership-exclusivity: whether a member is … group all lead to the emergence of equilibria with endogenous non-exclusive membership. A contest designer interested in …
Persistent link: https://www.econbiz.de/10013323852
In a society composed of a ruler and its citizens: what are the determinants of the political equilibrium between these two? This paper approaches this problem as a game played between a ruler who has to decide the distribution of the aggregate income and a group of agents/citizens who have the...
Persistent link: https://www.econbiz.de/10011600156
Proxy wars are a key pattern of political conflict and interstate competition. Rather than resorting to direct … the double principal-agent relationship predicts the continuation of conflict and thus the emergence of peace. …
Persistent link: https://www.econbiz.de/10011805757
This article examines behavior in the two-player, constant-sum Colonel Blotto game with asymmetric resources in which players maximize the expected number of battlefields won. The experimental results support all major theoretical predictions. In the auction treatment, where winning a...
Persistent link: https://www.econbiz.de/10013316350
Persistent link: https://www.econbiz.de/10011374032
simple conditions under which actually any equilibrium of the contest is payoff and revenue equivalent to the unique …, political lobbying, electoral competition, optimally biased contests, the empirical analysis of rent-seeking, and dynamic …
Persistent link: https://www.econbiz.de/10011538607