presence of uncertainty about future bidding opportunities and competition. We formulate this problem as a sequential game of …

Wettbewerb ist in vielen gesellschaftlichen Bereichen wie Wirtschaft, Politik und Sport, aber auch in Wissenschaft und … Hochschule wichtig. Wettbewerb hat positive Wirkungen auf die Leistungen und Auswahl der Wettbewerbsteilnehmer gemäß den … geltenden Wettbewerbskriterien. Deshalb kommt es auf wissenschaftsadäquate Kriterien an, zumal die Alternativen zum Wettbewerb …

(lottery) contest and the all-pay auction. A Nash equilibrium exists for all parameters of the nested contest. If and only if … aggregate efforts in the all-pay auction are higher than the aggregate efforts in the Tullock contest, then aggregate efforts in … the nested contest may not lie between aggregate efforts in the all-pay auction and aggregate efforts in the Tullock …

all-pay auction. The proofs employ lattice-theoretic methods and an improved version of Jensen's inequality. …

bidders' costs generally depends on the type and fierceness of the market competition, the specific auction format, and the … of a multi-object auction. After the auction either all bids or only the prices to be paid are revealed to all firms …

-price auction. Before the contest, a fixed number of innovators is selected in an entry auction, in order to address the adverse …