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Persistent link: https://www.econbiz.de/10003923715
We study an all-pay contest with multiple identical prizes (lifeboat seats). Prizes are partitioned into subsets of prizes (lifeboats). Players play a two-stage game. First, each player chooses an element of the partition (a lifeboat). Then each player competes for a prize in the subset chosen...
Persistent link: https://www.econbiz.de/10010271439
We characterize the unique Markov perfect equilibrium of a tug-of-war without exogenous noise, in which players have the opportunity to engage in a sequence of battles in an attempt to win the war. Each battle is an all-pay auction in which the player expending the greater resources wins. In...
Persistent link: https://www.econbiz.de/10010274454
mittlerer Größe es ermöglichen, beide Probleme zu überwinden und die Bildung von Allianzen Vorteile für alle Allianzmitglieder …
Persistent link: https://www.econbiz.de/10010306986
sich in einem Land angesammelt haben, hat Agglomerationsgewinne und seine Besteuerung erlaubt es, fiskalische Einnahmen zu … Charakteristika der formalen Analyse sind diskrete Zeitperioden, ein unendlicher Zeithorizont und Investitionen, die zum … Investitionszeitpunkt mobil sind, nach erfolgter Investition immobil sind und über mehrere Perioden abschreiben. Betrachtet werden Markov …
Persistent link: https://www.econbiz.de/10010307003
We study an all-pay contest with multiple identical prizes (lifeboat seats). Prizes are partitioned into subsets of prizes (lifeboats). Players play a two-stage game. First, each player chooses an element of the partition (a lifeboat). Then each player competes for a prize in the subset chosen...
Persistent link: https://www.econbiz.de/10010307685
We characterize the unique Markov perfect equilibrium of a tug-of-war without exogenous noise, in which players have the opportunity to engage in a sequence of battles in an attempt to win the war. Each battle is an all-pay auction in which the player expending the greater resources wins. In...
Persistent link: https://www.econbiz.de/10010333854
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://www.econbiz.de/10010334077
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://www.econbiz.de/10011096150
The formation of an alliance in conflict situations is known to suffer from a collective action problem and from the potential of internal conflict. We show that budget constraints of an intermediate size can overcome this strong disadvantage and explain the formation of alliances. © 2009...
Persistent link: https://www.econbiz.de/10011096151