This paper considers a partial equilibrium model of conflict where two asymmetric, rational and risk-neutral opponents … clash in order to redistribute a divisible prize in their favour. Differently from common contest models agents have the … option of choosing a second instrument to affect the outcome of the conflict. The second instrument is assumed to capture a …

This paper considers a partial equilibrium model of conflict where two asymmetric, rational and risk-neutral opponents … evaluate differently the contested stake. Differently from common contest models, agents have the option of choosing a second … instrument to affect the outcome of the conflict. The second instrument is assumed to capture positive investments in ‘conflict …

This paper considers a partial equilibrium model of conflict where two asymmetric, rational and risk-neutral opponents … clash in order to redistribute a divisible prize in their favour. Differently from common contest models agents have the … option of choosing a second instrument to affect the outcome of the conflict. The second instrument is assumed to capture a …

contest. In both cases, when decisions to share information are made independently, sharing information is strictly dominated …

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. …

probabilistic contest. Examples of such contests may be international conflict, litigation, and elections. We show, in particular … agents who are uncertain about each other's fighting potential. We model the default option of outright conflict as a …, that if the loss of surplus from outright conflict is small enough, then any mechanism must assign a positive probability …

This paper considers a partial equilibrium model of conflict where two asymmetric, rational and risk-neutral opponents … conflict in order to appropriate a positive fraction of a stake. An institutional constraint is modelled through an exogenously … fixed element as a feature of a modified Contest Success Function. However, this very simple model shows that even if …