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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
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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
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Contest Theory and its Applications in Sports
Dietl, Helmut; Franck, Egon; Grossmann, Martin; Lang, Markus - Institut für Strategie und Unternehmensökonomik … - 2009
This paper outlines how the theory of contests is applied to professional team sports leagues. In the first part, we present the traditional Tullock contest and explain some basic properties of the equilibrium. We will then extend this RePEc/iso contest to a two-period model in order to analyze...
Persistent link: https://www.econbiz.de/10004967593
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Al Qaeda as a Tournament: Empirical Evidence
Caruso, Raul - Volkswirtschaftliche Fakultät, … - 2008
This short paper aims to find an empirical evidence that al Qaeda behaves as a contest organizer rewarding an indivisible prize – namely, official membership and economic rewards – to candidate extremists groups. Would-be terrorists must then compete with each other to prove their commitment...
Persistent link: https://www.econbiz.de/10005837548
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Al Qaeda and Jihadist Terrorism in the Light of Contest Theory, Empirical Evidence for the period 2004-2008
Caruso, Raul; Schneider, Friedrich - Volkswirtschaftliche Fakultät, … - 2009
This paper finds an empirical evidence that al Qaeda behaves as a contest organizer rewarding a prize to candidate extremist groups. Would-be terrorists must then compete with each other to prove their commitment and ability. Hence to maximize their own probability of winning the prize, each...
Persistent link: https://www.econbiz.de/10005036828
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Contest Theory and its Applications in Sports
Dietl, Helmut; Franck, Egon; Grossmann, Martin; Lang, Markus - Institut für Strategie und Unternehmensökonomik … - 2009
This paper outlines how the theory of contests is applied to professional team sports leagues. In the first part, we present the traditional Tullock contest and explain some basic properties of the equilibrium. We will then extend this RePEc/rsd contest to a two-period model in order to analyze...
Persistent link: https://www.econbiz.de/10010739931
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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
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Hostile takeover and costly merger control
Gürtler, Oliver; Kräkel, Matthias - In: Public Choice 141 (2009) 3, pp. 371-389
Persistent link: https://www.econbiz.de/10008577999
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An Experimental Investigation of Colonel Blotto Games
Chowdhury, Subhasish; Kovenock, Dan; Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2011
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/10011258037
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Rivalry within and between strategic networks : an investigation of the United States Automotive Industry
Davies, Jennifer Ann-Louise - 2008
characterising many industries has undergone profound change. It is suggested that rivalry is not necessarily enacted by individual … rivalry in intraindustry environments. Derived in large from the social sciences, network theory allows for the micro and … has yet to empirically investigate the relationship between strategic networks and rivalry. The limited research that has …
Persistent link: https://www.econbiz.de/10009437908