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Konrad, Kai A. - 2007

Persistent link: https://www.econbiz.de/10003690312

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

Dynamic contests

Konrad, Kai A. - 2010

Considering several main types of dynamic contests (the race, the tug-of-war, elimination contests and iterated incumbency fights) we identify a common pattern: the discouragement effect. This effect explains why the sum of rentseeking efforts often falls considerably short of the prize that is...

Persistent link: https://www.econbiz.de/10009409126

Altruism and envy in contests : an evolutionarily stable symbiosis

Konrad, Kai A. - 2002

Altruists and envious people who meet in contests are symbionts. They do better than a population of narrowly rational individuals. If there are only altruists and envious individuals, a particular mixture of altruists and envious individuals is evolutionarily stable.

Persistent link: https://www.econbiz.de/10011514081

Silent interests and all-pay auctions

Konrad, Kai A. (contributor) - 2005

If firms compete in all-pay auctions with complete information, silent shareholdings introduce asymmetric externalities into the allpay auction framework. If the strongest firm owns a large share in the second strongest firm, this may make the strongest firm abstain from bidding. As a...

Persistent link: https://www.econbiz.de/10003019274

Silent interests and all-pay auctions/ Kai A. Konrad

Konrad, Kai A. (contributor) - 2005

firms compete in all-pay auctions with complete information, silent shareholdings introduce asymmetric externalities into the all-pay auction framework. If the strongest firm owns a large share in the second strongest firm, this may make the strongest firm abstain from bidding. As a consequence,...

Persistent link: https://www.econbiz.de/10002856729

Targeted Campaign Competition, Loyal Voters, and Supermajorities

Boyer, Pierre; Roberson, Brian - 2017

We consider campaign competition in which candidates compete for votes among a continuum of voters by engaging in … to the vote-share maximizing game. If the candidates are symmetric ex ante, both types of electoral competition dissipate …

Persistent link: https://www.econbiz.de/10012956898

Targeted Campaign Competition, Loyal Voters, and Supermajorities

Boyer, Pierre; Roberson, Brian - 2016

We examine an endogenous, sunk budget extension of Myerson's (1993) two-candidate model of political competition in …

Persistent link: https://www.econbiz.de/10013006110

Search Duplication in Research and Design Spaces - Exploring the Role of Local Competition

Konrad, Kai A. - 2014

solved by local competition (such as bribery, lobbying or rent seeking) among players who apply the same search strategies or … develop the same design. Such competition can restore full efficiency in the non-cooperative equilibrium. Local competition …

Persistent link: https://www.econbiz.de/10013045491

Strategy in Contests - An Introduction

Konrad, Kai A. - 2011

Competition in which goods or rents are allocated as a function of the various efforts expended by players in trying to …, R&D contests, electoral competition in political markets, military conflict and sports. I survey here this type of … 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