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In this paper, we generalize the General Lotto game and the Colonel Blotto game to allow for battlefield valuations that are heterogeneous across battlefields and asymmetric across players, and for the players to have asymmetric resource constraints. We completely characterize Nash equilibrium...
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Many economic, political and social environments can be described as contests in which agents exert costly efforts … while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all …-pay auctions and rankorder tournaments. This survey provides a review of experimental research on these three canonical contests …
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We characterize the unique Markov perfect equilibrium of a tug-of-war without exogenous noise, in which players have the opportunity to engage in a sequence of battles in an attempt to win the war. Each battle is an all-pay auction in which the player expending the greater resources wins. In...
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contests. Players may win a prize for winning each component contest, as well as a prize for winning the overall race. Each …, sports, and R&D contests and the results have empirical counterparts there. …
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