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We study signaling in dynamic contests with heterogeneous players. A privately-informed challenger faces a sequence of rivals of known types. The type of future rivals determines which signal the challenger wants to produce, whereas the strategic response of current rivals determines the extent...
Persistent link: https://www.econbiz.de/10013292789
We define an indirect evolutionary approach formally and apply it to (Tullock) contests. While it is known (Leininger, 2003) that the direct evolutionary approach in the form of finite population ESS (Schaffer, 1988) yields more aggressive behavior than in Nash equilibrium, it is now shown that...
Persistent link: https://www.econbiz.de/10013316503
The main drawback of the public-policy contest is that the notion of contest success function, a crucial component of the contest model, does not have micro-foundations and, therefore, the random behavior of the government seems ad-hoc. In the present paper we propose a partial micro-foundation...
Persistent link: https://www.econbiz.de/10013320341
Teilnehmer als Gewinner ausgewählt wird. Wenn ein solches Ergebnis eintritt, wird der Wettbewerb in der nächsten Periode …
Persistent link: https://www.econbiz.de/10014285495
competition within democratic parties. …
Persistent link: https://www.econbiz.de/10015124984
competition within democratic parties. …
Persistent link: https://www.econbiz.de/10015125251
Contests are commonly used in the workplace to motivate workers, determine promotion, and assign bonuses. Although contests can be very effective at eliciting high effort, they can also lead to inefficient effort expenditure (overbidding). Researchers have proposed various theories to explain...
Persistent link: https://www.econbiz.de/10014132470
I present a two-player nested contest which is a convex combination of two widely studied contests: the Tullock (lottery) contest and the all-pay auction. A Nash equilibrium exists for all parameters of the nested contest. If and only if the contest is sufficiently asymmetric, then there is an...
Persistent link: https://www.econbiz.de/10014168636
We investigate a version of the classic Colonel Blotto game in which individual battles may have different values. Two players allocate a fixed budget across battlefields and each battlefield is won by the player who allocates the most to that battlefield. The winner of the game is the player...
Persistent link: https://www.econbiz.de/10014150669
: simplicity. In this paper we propose an extension in which competition ensues in several dimensions and a competitor that wins a …
Persistent link: https://www.econbiz.de/10014056133