Similar Search Results

Competition and quality in regulated markets with sluggish demand

Brekke, Kurt R.; Cellini, Roberto; Siciliani, Luigi; … - 2010

We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public … to the steady state. While fiercer competition (lower transportation costs or less sluggish demand) leads to higher … quality in both solutions, the quality response to increased competition is weaker when players use feedback strategies. …

Persistent link: https://www.econbiz.de/10010266064

Can competition spoil reciprocity? A laboratory experiment

Bauernschuster, Stefan; Falck, Oliver; Große, Niels Daniel - 2010

This paper investigates how group membership and competition among trustors interact with trust and trustworthiness in … competition leads to a decrease in trustworthiness, especially among partners. We argue that once competition comes into play …

Persistent link: https://www.econbiz.de/10010274051

Strategic Investment Decisions in Multi-Stage Contests with Heterogeneous Players

Deutscher, Christian - 2019

We study strategic investment decisions in multi-stage contests with heterogeneous players. Our theoretical model of a round-robin rank-order tournament predicts that players conserve resources in a current contest to spend more in the subsequent contest if the degree of heterogeneity in the...

Persistent link: https://www.econbiz.de/10012892111

The non-constant-sum Colonel Blotto game

Roberson, Brian; Kvasov, Dmitriy - 2008

The Colonel Blotto game is a two-player constant-sum game in which each player simultaneously distributes her fixed level of resources across a set of contests. In the traditional formulation of the Colonel Blotto game, the players' resources are use it or lose it" in the sense that any...

Persistent link: https://www.econbiz.de/10010264422

A nested contest: Tullock meets the all-pay auction

Amegashie, J. Atsu - 2012

I present a two-player nested contest which is a convex combination of two widely studied contests: the Tullock (lottery) contest and the all-pay auction. A Nash equilibrium exists for all parameters of the nested contest. If and only if the contest is sufficiently asymmetric, then there is an...

Persistent link: https://www.econbiz.de/10010289358

Intention-based fairness preferences in two-player contests

Hoffmann, Magnus; Kolmar, Martin - 2013

We analyze equilibria of two-player contests where players have intention-based preferences. We find that players invest more effort compared to the case with selfish preferences and are even willing to exert effort when the monetary value of the prize converges to zero. As a consequence,...

Persistent link: https://www.econbiz.de/10010291500

Lobbying and Compromise

Epstein, Gil S.; Nitzan, Shmuel - 2005

, lobbies are assumed to act as 'principals' and the setters of the policy (the candidates in a Downsian electoral competition … or the elected policy maker in a citizen- candidate model of electoral competition) are conceived as 'agents'. In the …

Persistent link: https://www.econbiz.de/10010261146

Sabotaging potential rivals

Amegashie, J. Atsu; Runkel, Marco - 2005

This paper studies sabotage in a contest with non-identical players. Unlike previous papers, we consider sabotage in an elimination contest and allow contestants to sabotage a potential or future rival. It turns out that for a certain partition of players there is a pure-strategy equilibrium in...

Persistent link: https://www.econbiz.de/10010261299

Price-dependent profit sharing as an escape from the Bertrand paradox

Foros, Øystein; Hagen, Kåre P.; Kind, Hans Jarle - 2007

In this paper we show how an upstream firm can prevent destructive competition among downstream firms producing …

Persistent link: https://www.econbiz.de/10010264075