Showing 1 - 8 of 8
In this paper, we study N-player Colonel Blotto games with incomplete information about battlefield valuations. Such games arise in job markets, research and development, electoral competition, security analysis, and conflict resolution. For M Ï N + 1 battlefields, we identify a Bayes-Nash...
Persistent link: https://www.econbiz.de/10012439349
entrepreneurship empirically by means of investments made by active owners of closely held firms. Using detailed Swedish tax data, we …
Persistent link: https://www.econbiz.de/10013331915
This paper addresses three simple questions: how should the contribution of HGFs to job creation be measured? how much does this contribution vary across countries? to what extent does the cross-country variation depend on variation in the proportion of HGFs in the business population? The first...
Persistent link: https://www.econbiz.de/10012654435
-impact entrepreneurship and economic growth. However, research has been hampered due to a lack of systematic historical tax data. The purpose …
Persistent link: https://www.econbiz.de/10012654438
This paper studies incentives for the interim voluntary disclosure of verifiable information in probabilistic all-pay contests. Considered are unfair contests, i.e., contests in which, subject to activity conditions, one player (the favorite) is interim always more likely to win than the other...
Persistent link: https://www.econbiz.de/10011969190
We consider a class of incomplete-information Colonel Blotto games in which N Ï 2 agents are engaged in (N + 1) battlefields. An agent's vector of battlefield valuations is drawn from a generalized sphere in Lp-space. We identify a Bayes-Nash equilibrium in which any agent's resource allocation...
Persistent link: https://www.econbiz.de/10012140663
This paper studies the incentives for interim voluntary disclosure of verifiable information in probabilistic all-pay contests. Provided that the contest is uniformly asymmetric, full revelation is the unique perfect Bayesian equilibrium outcome. This is so because the weakest type of the...
Persistent link: https://www.econbiz.de/10012420693
This paper studies the incentives for interim voluntary disclosure of verifiable information in probabilistic all-pay contests with two-sided incomplete information. Private information may concern marginal cost, valuations, and ability. Our main result says that, if the contest is uniformly...
Persistent link: https://www.econbiz.de/10014333781