We study the incentive effects of rematches in sports with an emphasis on professional boxing. If the difference between the boxers' abilities is sufficiently small, we find that a clause which stipulates that the winner of the fight is obliged to give the loser a rematch (i.e., a mandatory...

There are two factions in a conflict. A third-party may choose to intervene by supporting one of the factions. We consider a third-party who maximizes a weighted sum of the welfare of the warring factions and the non-combatant population. We find that the third party's intervention decision is...

There are two factions in a conflict. A third-party may choose to intervene by supporting one of the factions. We consider a third-party who maximizes a weighted sum of the welfare of the warring factions and the non-combatant population. In the case of a nonmilitary intervention, we obtain the...

The authors study the incentive effects of rematches in sports with an emphasis on professional boxing. If the difference between the boxers’ abilities is sufficiently small, the authors find that a clause that stipulates that the winner of the fight is obliged to give the loser a rematch...