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An experimental investigation of Colonel Blotto games

Chowdhury, Subhasish; Kovenock, Dan; Sheremeta, Roman - In: Economic Theory 52 (2013) 3, pp. 833-861

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 the main qualitative predictions of the theory. In the auction treatment, where winning...

Persistent link: https://www.econbiz.de/10010993586

Effort maximization in asymmetric contest games with heterogeneous contestants

Franke, Jörg; Kanzow, Christian; Leininger, Wolfgang; … - In: Economic Theory 52 (2013) 2, pp. 589-630

Contest rules are set up by administrators who frequently have discretionary power in specifying the details of these rules, i.e., they can bias the contest rules toward specific contestants in order to further their prime objective. We derive the optimal bias of the contest rule for a contest...

Persistent link: https://www.econbiz.de/10010993615

Risk aversion in symmetric and asymmetric contests

Cornes, Richard; Hartley, Roger - In: Economic Theory 51 (2012) 2, pp. 247-275

We analyze existence, uniqueness and properties of equilibria in incompletely discriminating Tullock contests with logistic contest success functions, when contestants are risk averse. We prove that a Nash equilibrium for such a contest exists, but give an example of a symmetric contest with...

Persistent link: https://www.econbiz.de/10010593369

Information acquisition in conflicts

Morath, Florian; Münster, Johannes - In: Economic Theory 54 (2013) 1, pp. 99-129

This paper considers incentives for information acquisition ahead of conflicts. First, we characterize the (unique …

Persistent link: https://www.econbiz.de/10010993555

How strength asymmetries shape multi-sided conflicts

Cortes-Corrales, Sebastian; Gorny, Paul M. - In: Economic Theory 79 (2024) 1, pp. 235-274

Governments and multilateral organisations often attempt to influence multi-sided violent conflicts by supporting or … relocation of conflict investments: Distant conflicts are carried out more fiercely. In line with previous results, asymmetry … interests , agents in the group of the (now) strong or weak agent face more intense conflicts. Furthermore, in conflicts where …

Persistent link: https://www.econbiz.de/10015407854