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which the player expending the greater resources wins. In equilibrium, contest effort concentrates on at most two adjacent … by which the allocation of prizes are governed by possibly repeated conflict. Our results contribute to an explanation … why. Compared to a single-stage conflict, such structures can reduce the overall resources that are dissipated among the …
Persistent link: https://www.econbiz.de/10010274454
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
This paper considers incentives for information acquisition ahead of conflicts. First, we characterize the (unique) equilibrium of the all-pay auction between two players with one-sided asymmetric information where one player has private information about his valuation. Then, we use ou rresults...
Persistent link: https://www.econbiz.de/10003950481
We characterize the equilibrium of the all-pay auction with general convex cost of effort and sequential effort choices. We consider a set of n players who are arbitrarily partitioned into a group of players who choose their efforts ?early? and a group of players who choose ?late?. Only the...
Persistent link: https://www.econbiz.de/10010261378
eliminate the discouragement effect, leaving players equally likely to win each match and the overall contest. We contrast our …We consider a best-of-three Tullock contest between two ex-ante identical players. An effort-maximizing designer … unequally likely to win each match and the overall contest. This result holds in Tullock contests and all-pay auctions, as well …
Persistent link: https://www.econbiz.de/10012918987
In models of non-deterministic contest, players exert irreversible effort in order to increase their probability of … winning a prize. The most prominent functional form of the win probability in the literature is the so-called "logitʺ contest … contest administrator is a rational decision maker whose optimal choice is deterministic. However, from the point of view of …
Persistent link: https://www.econbiz.de/10003780397
such as race, gender, or ethnicity is much less acceptable. Why? I develop a simple rent-seeking model of conflict which is …History is replete with overt discrimination on the basis of race, gender, age, citizenship, ethnicity, marital status …
Persistent link: https://www.econbiz.de/10010264357
We model an infinitely repeated Tullock contest, over the sharing of some given resource, between two ethnic groups … contest the extent of institutional ethnic bias. The contest yields the per-period relative influence over institutions, which … partly spills over into the next period, by affecting relative conflict efficiency. Our model generates non …
Persistent link: https://www.econbiz.de/10011289899
We consider a variant of the Tullock rent-seeking contest. Under symmetric information we determine equilibrium … the distribution costs are drawn from and on the exact specification of the contest success function. …
Persistent link: https://www.econbiz.de/10003950459