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A problem of Parallel Contests is raised and modeled. The equilibria in final situations of parallel contests are analyzed and characterized and the behaviours of contestants with different abilities’ parameters are explained. Given that the values of the prizes in the two contests are...
Persistent link: https://www.econbiz.de/10005051682
Three critical cases, involving asymmetric and symmetric cases, in the sequential stages of the n-player repeated auctions are analyzed and compared. These cases might arise in a process of sequential, identical or equivalent auctions, where the auction result may reveal information about the...
Persistent link: https://www.econbiz.de/10005051683