Delay in Contests

Why is there delay in contests? In this Paper we follow and extend the line of reasoning of Carl von Clausewitz to explain delay. For a given contest technology, delay may occur if there is an asymmetry between defense and attack, if the expected change in relative strengths is moderate, and if the additional cost of investment in future strength is low.

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Year of publication:	2003-02
Authors:	Bester, Helmut ; Konrad, Kai A.
Institutions:	C.E.P.R. Discussion Papers
Subject:	conflict \| contest \| delay

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Extent:	application/pdf
Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 3784
Classification:	B31 - Individuals ; D74 - Conflict; Conflict Resolution; Alliances ; H77 - Intergovernmental Relations; Federalism
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005504736