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This paper analyzes a tug of war contest between two teams. In each round of the tug of war a pair of agents from the opposing teams competes in a private value all-pay auction with asymmetric type distributions and effort effectiveness. Whichever team arrives first at a given lead in terms of...
Persistent link: https://www.econbiz.de/10011569681
This paper analyzes a tug-of-war contest between two teams. In each round of the tug of war a pair of agents from the opposing teams competes in a private value all-pay auction with asymmetric type distributions and effort effectiveness. Whichever team arrives first at a given lead in terms of...
Persistent link: https://www.econbiz.de/10013003550
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We characterize the symmetric Nash equilibria of the symmetric voter participation game with complete information introduced by Palfrey and Rosenthal (1983). Our results confirm their conjecture on the existence, multiplicity, and comparative statics of such equilibria and yield more precise...
Persistent link: https://www.econbiz.de/10011569666
We characterize the symmetric Nash equilibria of the symmetric voter participation game with complete information introduced by Palfrey and Rosenthal (1983). To do so, we use methods based on polynomials in Bernstein form to determine how the probability that a voter is pivotal depends on the...
Persistent link: https://www.econbiz.de/10013004136
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