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Heterogeneous Outside Options in Contests

Grossmann, Martin - 2014

This article describes a large number of contestants with high and low talent who individually decide to enter a contest or take their heterogeneous outside options. We derive a critical condition for which only high types, only low types, or both types participate in the contest. If a contest...

Persistent link: https://www.econbiz.de/10013056052

Physical and Financial Virtual Power Plants

Willems, Bert - 2005

Regulators in Belgium and the Netherlands use different mechanisms to mitigate generation market power. In Belgium, antitrust authorities oblige the incumbent to sell financial Virtual Power Plants, while in the Netherlands regulators have been discussing the use of physical Virtual Power...

Persistent link: https://www.econbiz.de/10014062245

A Note on Rent Dissipation in Lottery Contests

Klunover, Doron - 2018

Rent dissipation measures the social loss in rent-seeking contests and therefore is the main source of interest in the rent-seeking literature. We derive narrow bounds for the amount of rent dissipation in a sequential lottery contest within players and show that the rent dissipation is larger...

Persistent link: https://www.econbiz.de/10012924104

Sequential Lottery Contests with Multiple Participants

Kahana, Nava - 2017

The literature on aggregative games, which has been applied in the study of contests, has focused on simultaneous games. We apply aggregative games techniques in a novel fashion in the analysis of sequential lottery contests with n players. It is shown that: (1) there exists a unique subgame...

Persistent link: https://www.econbiz.de/10012958970

Endogeneous Strategy Spaces : Simultaneous Move vs. Sequential Move Games

Brandt, Nikolai M. - 2019

In a horizontal differentiated duopoly we compare Nash and Stackelberg equilibria in which the firms endogeneously …

Persistent link: https://www.econbiz.de/10012857790

Concept analysis

Sarfati, Mahir; Hesamzadeh, Mohammad Reza; Holmberg, Pär - 2018

This paper is part I of a two-part paper. It proposes a two-stage game to analyze imperfect competition of producers in zonal power markets with a day-ahead and a real-time market. We consider strategic producers in both markets. They need to take both markets into account when deciding what to...

Persistent link: https://www.econbiz.de/10011943355

Can Managerial Bonuses Be a Balance between Free Trade and Protectionism in International Trade? A Game Theoretical Perspective

Akbulut Merchant, Cigdem; Jansen, Thijs; van Lier, Arie - 2017

In this research we show that managerial bonuses can be a way of reducing tariffs while keeping domestic welfare high. For this we analyze all types of bonuses based on pure profit, sales, relative profit and market share. We prove that for the domestic country encouraging the domestic firm to...

Persistent link: https://www.econbiz.de/10014034935

Delegation Games : A Game Theoretical Perspective for Managerial Incentives

Akbulut Merchant, Cigdem; Jansen, Thijs; van Lier, Arie - 2017

Sklivas (1987). We assume that owners in a duopoly each hire a manager with a publicly observable contract which is not …

Persistent link: https://www.econbiz.de/10014034936

Contests with sequential entry and incomplete information

Deng, Shanglyu; Fu, Qiang; Wu, Zenan; Zhu, Yuxuan - In: Theoretical economics : TE ; an open access journal in … 19 (2024) 2, pp. 705-742

This paper provides a general study of a contest modeled as a multiplayer incomplete-information, all-pay auction with sequential entry. The contest consists of multiple periods. Players arrive and exert efforts sequentially to compete for a prize. They observe the efforts made by their earlier...

Persistent link: https://www.econbiz.de/10014576711

The different effect of consumer learning on incentives to differentiate in Cournot and Bertrand competition

Conze, Maximilian; Kramm, Michael - 2017

We combine two extensions of the differentiated duopoly model of Dixit (1979), namely Caminal and Vives (1996) and … Brander and Spencer (2015a,b), to analyze the effect of consumer learning on firms' incentives to differentiate their products … more likely to invest in differentiation with consumer learning than without. This is in line with implications of the …

Persistent link: https://www.econbiz.de/10011582620