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Persistent link: https://www.econbiz.de/10012289868
the contest in the first stage. We show that in contrast to one-shot contests in the same setting, heterogeneous players …
Persistent link: https://www.econbiz.de/10011051650
We characterize the equilibrium set of the n-player Hirshleifer contest with homogeneous valuations. A symmetric equilibrium always exists. It necessarily corresponds to multilateral peace for sufficient noise and uses finite-support randomized strategies otherwise. Asymmetric equilibria are...
Persistent link: https://www.econbiz.de/10012267940
In intergroup contests a manager advises and motivates her group’s members. Her rewards often depend on the subsequent …
Persistent link: https://www.econbiz.de/10010753312
While the game-theoretic analysis of conflict is often based upon the assumption of multiplicative noise, additive noise such as assumed by Hirshleifer (1989) may be equally plausible depending on the application. In this paper, we examine the equilibrium set of the n-player difference-form...
Persistent link: https://www.econbiz.de/10013440075
Numerous studies suggest that communication may be a universal means to mitigate collective action problems. In this study, we challenge this view and show that the communication structure crucially determines whether communication mitigates or intensifies rent-seeking for pure public goods. We...
Persistent link: https://www.econbiz.de/10011048619
This paper analyzes the ability of group members to cooperate in rent-seeking activities in a context of between-group competition. For this purpose, we develop an infinitely repeated rent-seeking game between two groups of different size. We first investigate Nash reversion strategies to...
Persistent link: https://www.econbiz.de/10011049667
Contest functions (alternatively, contest success functions) determine probabilities of winning and losing as a function of contestants' effort. They are used widely in many areas of economics that employ contest games, from tournaments and rent-seeking to conflict and sports. We first examine...
Persistent link: https://www.econbiz.de/10011051659
-stage) elimination contests. Theoretical results show that, for risk-neutral participants, a structure with a single prize for the winner …
Persistent link: https://www.econbiz.de/10011048125
This paper studies a large class of imperfectly discriminating contests, referred to as elastic contests, that induce … definite answers regarding the extent of rent dissipation in Tullock contests with intermediate values of the decisiveness …
Persistent link: https://www.econbiz.de/10010360312