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To be represented by more than one contestant in a contest has advantages and disadvantages. This paper determines the conditions under which it is favorable to send several agents into the contest. -- contests ; Divisionalization ; delegation
Persistent link: https://www.econbiz.de/10009582389
We characterize the equilibrium of the all-pay auction with general convex cost of effort and sequential effort choices. We consider a set of n players who are arbitrarily partitioned into a group of players who choose their efforts "early"; and a group of players who choose "late". Only the...
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We characterize the equilibrium of the all-pay auction with general convex cost of effort and sequential effort choices. We consider a set of n players who are arbitrarily partitioned into a group of players who choose their efforts "early" and a group of players who choose "late". Only the...
Persistent link: https://www.econbiz.de/10003891850
In the equilibrium of the all-pay auction with two groups of individual players who move sequentially, only the player with the lowest effort cost has a positive payoff. This payoff and the overall dissipation crucially depend on group composition. -- Sequential all-pay auction ; complete...
Persistent link: https://www.econbiz.de/10003892031
We characterize the equilibrium of the all-pay auction with general convex cost of effort and sequential effort choices. We consider a set of n players who are arbitrarily partitioned into a group of players who choose their efforts 'early' and a group of players who choose 'late.' Only the...
Persistent link: https://www.econbiz.de/10013318118
demand and linear costs is not profitable unless a large majority of the firms are involved in the merger. However, many …
Persistent link: https://www.econbiz.de/10002757958
demand and linear costs is not profitable unless a large majority of the firms are involved in the merger. However, many …
Persistent link: https://www.econbiz.de/10002834962