Showing 1 - 10 of 131
We consider a variant of the Tullock rent-seeking contest. Under symmetric information we determine equilibrium … the distribution costs are drawn from and on the exact specification of the contest success function. …
Persistent link: https://www.econbiz.de/10008543762
We consider a general class of imperfectly discriminating contests with privately informed players. We show that findings by Athey (2001) imply the existence of a Bayesian Nash equilibrium in monotone pure strategies.
Persistent link: https://www.econbiz.de/10008490447
contest. In both cases, when decisions to share information are made independently, sharing information is strictly dominated …
Persistent link: https://www.econbiz.de/10008492738
We study endogenous group formation in tournaments employing experimental three-player contests. We find that players in endogenously formed alliances cope better with the moral hazard problem in groups than players who are forced into an alliance. Also, players who are committed to expending...
Persistent link: https://www.econbiz.de/10010860231
contests. Players may win a prize for winning each component contest, as well as a prize for winning the overall race. Each … component contest is an all-pay auction with complete information. We characterize the unique equilibrium analytically and …
Persistent link: https://www.econbiz.de/10005835218
conflict and more intense fighting. …
Persistent link: https://www.econbiz.de/10011140958
This paper considers evolutionarily stable decisions about whether to initiate violent conflict rather than accepting a … of peaceful resource allocations that are rejected in favor of violent conflict, compared to the Nash equilibrium …
Persistent link: https://www.econbiz.de/10011140985
This paper considers incentives for information acquisition ahead of conflicts. First, we characterize the (unique) equilibrium of the all-pay auction between two players with one-sided asymmetric information where one player has private information about his valuation. Then, we use ou rresults...
Persistent link: https://www.econbiz.de/10008543767
€˜group cohesion effect ’: if the contest between the groups becomes more decisive, or contractual incompleteness between groups … becomes more serious, the players devote fewer resources to the intra-group conflict. Moreover, there is also a â … becomes less serious, the players devote more resources to the inter-group contest. The model also sheds new light on …
Persistent link: https://www.econbiz.de/10005785846
In many situations there is a potential for conflict both within and between groups. Examples include wars and civil … wars and distributional conflict in multitiered organizations like federal states or big companies. This paper models such … situations with a logistic technology of conflict. If individuals decide simultaneously and independently about the amount of …
Persistent link: https://www.econbiz.de/10005785906