Showing 1 - 10 of 14
Persistent link: https://www.econbiz.de/10011106753
Persistent link: https://www.econbiz.de/10011095610
Persistent link: https://www.econbiz.de/10011095611
, sufficiently high (but still binding) bid caps do not change the players' expected total effort compared to the benchmark auction …
Persistent link: https://www.econbiz.de/10010960213
We study a sequential two-stage all-pay auction with two identical prizes. In each stage, the players compete for one … stages. We analyze the equilibrium in this sequential all-pay auction with bid caps and show that capping the players' bids …
Persistent link: https://www.econbiz.de/10008727312
We study all-pay contests with an exogenous minimal effort constraint where a player can participate in a contest only if his effort (output) is equal to or higher than the minimal effort constraint. Contestants are privately informed about a parameter (ability) that affects their cost of...
Persistent link: https://www.econbiz.de/10008727314
We study optimal contest design in situations where the designer can reward high performance agents with positive prizes and punish low performance agents with negative prizes. We link the optimal prize structure to the curvature of distribution of abilities in the population. In particular, we...
Persistent link: https://www.econbiz.de/10008498311
We study a sequential (Stackelberg) all-pay auction with two contestants who are privately informed about a parameter … characterize the unique subgame perfect equilibrium of this sequential all-pay auction and analyze the use of head starts to …
Persistent link: https://www.econbiz.de/10009386359
We study two-stage political contests with private entry costs. We show that these political contests could be ineffective, namely, the chance of low ability candidates participating in the contest might be higher than the chance of high ability candidates participating in the contest (and...
Persistent link: https://www.econbiz.de/10008577379
We study two-stage all-pay auctions with two identical prizes. In each stage, players compete for one prize. Each player may win either one or two prizes. We analyze the equilibrium strategies where players’ marginal values for the prizes are either declining or inclining
Persistent link: https://www.econbiz.de/10008577383