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The key element of models of contest is the Contest Success Function (CSF) which specifies the winning probabilities of agents. The existing axiomatizations of CSFs assume that contestants can make only one type of investment. This paper generalizes these axiomatizations to the case where each...
Persistent link: https://www.econbiz.de/10010263839
We study how norms can solve distributional conflict inside a clan and the efficient coordination of collective action … in a conflict with an external enemy.We characterize a fully non-cooperative equilibrium in a finite game in which a self …
Persistent link: https://www.econbiz.de/10010264689
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 logit" contest success function. We provide a simple micro-foundation...
Persistent link: https://www.econbiz.de/10010266296
diametrically opposed. We apply two benchmark contest success functions (CSFs): the auction CSF and the lottery CSF. Consistent with … the theoretical prediction, under the auction CSF, attackers utilize a stochastic 'guerilla warfare' strategy - in which a …
Persistent link: https://www.econbiz.de/10010274929
We study how conflict in contest games is influenced by rival parties being groups and by group members being able to … punish each other. Our motivation stems from the analysis of socio-political conflict. The theoretical prediction is that … conflict expenditures are independent of group size and of whether punishment is available or not. We find, first, that …
Persistent link: https://www.econbiz.de/10010277486
We study a 2-player Blotto game where the n items have asymmetric values. The winner of each item is determined stochastically using a lottery mechanism. We analyze two payoff objectives: (i) players maximize their total expected payoffs and (ii) players maximize their probability of winning a...
Persistent link: https://www.econbiz.de/10010878526
Scholars making economic policy recommendations to resolve corruption problem use several approaches, the most dominant of which are the principal-agent and rent-seeking theories. In this paper, we argue that the principal-agent theory has problems accounting for the environment in which the...
Persistent link: https://www.econbiz.de/10010555225
The automated negotiation process seems to be a powerful mechanism to resolve disputes arising from Internet-based transactions. Automated negotiation is an online blind-bidding process in which an automated algorithm evaluates bids from the parties and settles the case if the offers are within...
Persistent link: https://www.econbiz.de/10014027208
Persistent link: https://www.econbiz.de/10012145222
This survey covers recent literature on lobbying, with particular focus on corporate lobbying. Three main research traditions --- contestsfor policy rent, persuasion games, and multiple means models --- are analyzed in detail. Various strategic aspects of lobbying arepresented in the context of...
Persistent link: https://www.econbiz.de/10009316408