Showing 1 - 10 of 559
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
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
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
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 quot;use it or lose itquot; in the sense that any...
Persistent link: https://www.econbiz.de/10012770491
dynamic elimination contest. Theory predicts that the absolute level of investment costs has no effect on the competition …This paper investigates how heterogeneity in contestants’ investment costs affects the competition intensity in a …
Persistent link: https://www.econbiz.de/10013315707
An auction is externality-robust if unilateral deviations from equilibrium leave the other bidders' payoffs unaffected. The equilibrium and its outcome will then persist if certain types of externalities arise between bidders. One example are externalities due to spiteful preferences, which have...
Persistent link: https://www.econbiz.de/10013054012
, we show that substituting the auction contest success function for the lottery contest success function in a conflict may … radicals. Our results demonstrate the importance of the choice of the institutions of conflict, as modeled by the contest …
Persistent link: https://www.econbiz.de/10013106913