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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
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
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
the budget limits of all players who are within the same alliance, and then decide independently about their own contest … discuss the set of stable combinations of alliances. -- Contest ; budget limits ; incomplete information ; alliances …
Persistent link: https://www.econbiz.de/10009408120
We analyze equilibria of two-player contests where players have intention-based preferences. We find that players invest more effort compared to the case with selfish preferences and are even willing to exert effort when the monetary value of the prize converges to zero. As a consequence,...
Persistent link: https://www.econbiz.de/10009702885
Persistent link: https://www.econbiz.de/10008933707