Showing 1 - 10 of 36
We study endogenous group formation in tournaments employing experimental three-player contests. We find that players in endogenously formed alliances cope better with the moral hazard problem in groups than players who are forced into an alliance. Also, players who are committed to expending...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10010198496
We study equilibrium in a multistage race in which players compete in a sequence of simultaneous move component contests. Players may win a prize for winning each component contest, as well as a prize for winning the overall race. Each component contest is an all-pay auction with complete...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10010365877
We study the role of an imbalance in fighting strengths when players bargain in the shadow of conflict. Our experimental results suggest: In a simple bargaining game with an exogenous mediation proposal, the likelihood of conflict is independent of the balance of power. If bargaining involves...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10011576771
We investigate a multi-period contest model in which a contestant.s present success gives an advantage over a rival in the future. How this win advantage affects contestants.efforts, and whether the laggard gives up or keep on fighting are key issues. We find that the expected effort of the...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10010428039
We consider an effort-maximizing principal distributing a prize fund over two consecutive all-pay auctions. The two contestants are doubly heterogeneous: one of them has a head start in the fi rst contest; and winning contest one gives an advantage in contest two that varies between players. We...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10011810567
Persistent link: https://ebvufind01.dmz1.zbw.eu/10012796481
The authors study conflict on multiple fronts. A defending player needs to successfully defend all fronts, and an attacker needs to win at only one. Multiple fronts result in a considerable disadvantage for the defending player, and even if there is a defense advantage at each of them, the...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10011136196
We consider an industry where one firm with a superior technology competes for market shares with several rivals. The owner of the superior technology (the dominant firm) can license or transfer the source of its dominance to a subset of rivals. Allowing the non-license takers to remain active...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10010277915
We investigate a multi-period contest model in which a contestant.s present success gives an advantage over a rival in the future. How this win advantage affects contestants.efforts, and whether the laggard gives up or keep on fighting are key issues. We find that the expected effort of the...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10011335594
We consider an effort-maximizing principal distributing a prize fund over two consecutive all-pay auctions. The two contestants are doubly heterogeneous: one of them has a head start in the first contest; and winning contest one gives an advantage in contest two that varies between players. We...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10012058693