Showing 1 - 10 of 633
We consider contestants who must choose exactly one contest, out of several, to participate in. We show that when the … contest technology is of a certain type, or when the number of contestants is large, a self-allocation equilibrium, i.e., one … where no contestant would wish to change his choice of contest, results in the allocation of players to contests that …
Persistent link: https://www.econbiz.de/10012947451
I consider a contest in which the quantity of output is rewarded and another in which the quality of output is rewarded …. The output in the quality contest plays a dual role. It counts in the quality contest but it is also converted into … quantity-equivalent output to obtain total output in the quantity contest. This latter feature implies that the two contests …
Persistent link: https://www.econbiz.de/10012913190
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 equilibrium in pure strategies. In this equilibrium, individual …
Persistent link: https://www.econbiz.de/10013098647
This paper reviews the relatively small literature on sabotage in contests. It looks at both the formal game-theoretic literature and the empirical and experimental literatures. The treatment is intended to be intuitive with minimal use of technical jargon
Persistent link: https://www.econbiz.de/10013074400
This article examines behavior in the two-player, constant-sum Colonel Blotto game with asymmetric resources in which players maximize the expected number of battlefields won. The experimental results support all major theoretical predictions. In the auction treatment, where winning a...
Persistent link: https://www.econbiz.de/10013316350
We investigate situations in which players make costly contributions as group members in a group conflict, and at the … same time engage in contest with fellow group members to appropriate the possible reward. We introduce within group power … asymmetry and complementarity in members' efforts, and analyze how each group's internal conflict influences its chance of …
Persistent link: https://www.econbiz.de/10013030322
A well-known theoretical result in the contest literature is that greater heterogeneity decreases performance of … in an experiment. Our data show that indeed, strengthening weaker contestants through tie-breaks and bid …
Persistent link: https://www.econbiz.de/10012986649
contestants. Focusing on the two most widely studied types of contest success functions (deterministic all-pay-auctions and logit … CSFs), we show that an all-pay auction is always the preferred CSF from the point of view of the contest designer. This … result provides a new political-economic micro foundation to some of the most commonly used models in the contest literature …
Persistent link: https://www.econbiz.de/10013138016
conditions under which the designer obtains a larger payoff when using a discriminatory contest and describe settings where these …
Persistent link: https://www.econbiz.de/10013055388
In many markets, sellers advertise their good with an asking price. This is a price at which the seller will take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the seller...
Persistent link: https://www.econbiz.de/10012986936