contests. Players may win a prize for winning each component contest, as well as a prize for winning the overall race. Each …We study equilibrium in a multistage race in which players compete in a sequence of simultaneous move component … component contest is an all-pay auction with complete information. We characterize the unique equilibrium analytically and …

contests. Players may win a prize for winning each component contest, as well as a prize for winning the overall race. Each …We study equilibrium in a multistage race in which players compete in a sequence of simultaneous move component … component contest is an all-pay auction with complete information. We characterize the unique equilibrium analytically and …

contests. Players may win a prize for winning each component contest, as well as a prize for winning the overall race. Each …We study equilibrium in a multistage race in which players compete in a sequence of simultaneous move component … component contest is an all-pay auction with complete information. We characterize the unique equilibrium analytically and …

contests. Players may win a prize for winning each component contest, as well as a prize for winning the overall race. Each …We study equilibrium in a multistage race in which players compete in a sequence of simultaneous move component … component contest is an all-pay auction with complete information. We characterize the unique equilibrium analytically and …

which the player expending the greater resources wins. In equilibrium, contest effort concentrates on at most two adjacent … by which the allocation of prizes are governed by possibly repeated conflict. Our results contribute to an explanation … why. Compared to a single stage conflict, such structures can reduce the overall resources that are dissipated among the …

In a dynamic contest where it is costly to compete, a player who is behind must decide whether to surrender or to keep …-battle contest with a winning prize and losing penalty, as well as the contrasting prediction of surrendering in the corresponding … contest with no penalty. We find varied evidence in support of these hypotheses in the aggregated data, but more conclusive …

earn a positive expected payoff from participating in the contest, which may explain why they participate. We also show … that it reduces the strong discouragement effects and hold-up problems that may otherwise emerge in such games. High own … ability dispersion selects such players into the contest and favors them in elimination contests. …

earn a positive expected payoff from participating in the contest, which may explain why they participate. We also show … that it reduces the strong discouragement effects and hold-up problems that may otherwise emerge in such games. High own … ability dispersion selects such players into the contest and favors them in elimination contests. …

We investigate a multi-period contest model in which a contestant.s present success gives an advantage over a rival in …

While the game-theoretic analysis of conflict is often based on the assumption of multiplicative noise, additive noise … the equilibrium set of the n-player difference-form contest with heterogeneous valuations. For high and intermediate … valuations, we obtain a partial uniqueness result for symmetric equilibria. As the contest becomes increasingly decisive, at …