Showing 1 - 10 of 122
The Hotelling game of pure location allows interpretations in spatial competition, political theory, and professional … of competition in forecasting markets. …
Persistent link: https://www.econbiz.de/10010817261
The Hotelling game of pure location allows interpretations in spatial competition, political theory, and professional … of competition in forecasting markets. …
Persistent link: https://www.econbiz.de/10011282501
The Hotelling game of pure location allows interpretations in spatial competition, political theory, and professional … of competition in forecasting markets. …
Persistent link: https://www.econbiz.de/10010402687
The Hotelling game of pure location allows interpretations in spatial competition, political theory, and professional … of competition in forecasting markets …
Persistent link: https://www.econbiz.de/10013050402
, political lobbying, electoral competition, optimally biased contests, the empirical analysis of rent-seeking, and dynamic …
Persistent link: https://www.econbiz.de/10011538607
This paper examines multi-battle contests whose extensive form can be represented in terms of a finite state machine. We start by showing that any contest that satisfies our assumptions decomposes into two phases, a principal phase (in which states cannot be revisited) and a concluding...
Persistent link: https://www.econbiz.de/10011981199
We consider a class of incomplete-information Colonel Blotto games in which N ≥ 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...
Persistent link: https://www.econbiz.de/10012123363
This paper studies a large class of imperfectly discriminating contests, referred to as elastic contests, that induce players to either overbid a standing bid or to abstain from bidding altogether. Many common forms of contest are elastic. In any equilibrium of an elastic contest, there is...
Persistent link: https://www.econbiz.de/10010360312
While the game-theoretic analysis of conflict is often based on the assumption of multiplicative noise, additive noise such as considered by Hirshleifer (1989) may be equally plausible depending on the application. In this paper, we examine the equilibrium set of the n-player difference-form...
Persistent link: https://www.econbiz.de/10014380413
In a canonical model of military conflict, victory and defeat depend stochastically on the difference of resources deployed by the conflict parties. The present paper offers a comprehensive analysis of that model. The unique Nash equilibrium reflects either (i) peace, (ii) submission, (iii)...
Persistent link: https://www.econbiz.de/10012796610