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Signaling in Dynamic Contests with Heterogenous Rivals

Catepillan, Jorge; Figueroa, Nicolas; Lemus, Jorge - 2022

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

Strategy in Contests - An Introduction

Konrad, Kai A. - 2011

, R&D contests, electoral competition in political markets, military conflict and sports. I survey here this type of …Competition in which goods or rents are allocated as a function of the various efforts expended by players in trying to … competition which is sometimes called contest or tournament. I focus on the role of its various design aspects, such as prize …

Persistent link: https://www.econbiz.de/10014053119

Learning by Doing in Contests

Clark, Derek J.; Nilssen, Tore - 2013

We introduce learning by doing in a dynamic contest. Contestants compete in an early round and can use the experience gained to reduce effort cost in a subsequent contest. A contest designer can decide how much of the prize mass to distribute in the early contest and how much to leave for the...

Persistent link: https://www.econbiz.de/10014194377

Contests with Network Externalities : Theory & Evidence

Boosey, Luke; Brown, Christopher - 2021

We study competitive behavior in all-pay Tullock (1980) contests with identity-dependent externalities (IDEs) governed by a fixed network. First, we introduce a model of network contest games, in which the prize generates an externality---which may be positive or negative---that impacts each...

Persistent link: https://www.econbiz.de/10013218632

Intention-Based Fairness Preferences in Two-Player Contests

Hoffmann, Magnus - 2013

We analyze equilibria of two-player contests where players have intention-based preferences. We find that players invest more effort compared to the case with selfish preferences and are even willing to exert effort when the monetary value of the prize converges to zero. As a consequence,...

Persistent link: https://www.econbiz.de/10013086605

Behavior in Contests

Sheremeta, Roman M. - 2014

maximization, (3) bounded rationality, and (4) judgmental biases. These explanations are not exhaustive, but they provide a …

Persistent link: https://www.econbiz.de/10013050579

Optimal Prize Design in Team Contests

Feng, Xin; Jiao, Qian; Kuang, Zhonghong; Lu, Jingfeng - 2021

This paper studies effort-maximizing prize designs in team contests with an arbitrary number of pairwise battles. The organizer rewards the teams contingent on battle outcomes subject to budget balance constraints. Our analysis fully accommodates heterogeneities across players and battles. We...

Persistent link: https://www.econbiz.de/10013229476

Information alliances in contests with budget limits

Konrad, Kai A. - 2010

We study the role of information exchange through alliances in a framework with contestants who have binding budget limits and know their own budget limit but are incompletely informed about other contestants' budget limits. First, we solve for the Bayesian Nash equilibrium. Then we consider the...

Persistent link: https://www.econbiz.de/10009408120

Direct and structural discrimination in contests

Mealem, Yosef; Nitsan, Shemuʾel - 2013

This paper evaluates direct and structural discrimination as a means of increasing efforts in the most widely studied contests. We establish that a designer who maximizes efforts subject to a balanced-budget constraint prefers dual discrimination, namely, change of the contestants ́prize...

Persistent link: https://www.econbiz.de/10010223058

Intention-based fairness preferences in two-player contests

Hoffmann, Magnus; Kolmar, Martin - 2013

Persistent link: https://www.econbiz.de/10009702885