particular, we test whether decision makers in multi-stage tournaments take heterogeneity induced changes of continuation values …

This paper investigates how heterogeneity in contestants' investment costs affects the competition intensity in a …

particular, we test whether decision makers in multi-stage tournaments take heterogeneity induced changes of continuation values …

particular, we test whether decision makers in multi-stage tournaments take heterogeneity induced changes of continuation values …

This paper investigates how heterogeneity in contestants' investment costs affects the competition intensity in a …

This paper shows that the incentive effects of heterogeneity may be positive rather than negative in dynamic contests … with multiple stages. In particular, the well-studied adverse effects of heterogeneity in static interactions are … compensated by positive continuation-value and selection effects. Due to these positive dynamic incentive effects of heterogeneity …

We investigate how heterogeneity in contestants' investment costs affects competition expenditures in a dynamic … lower when competitors are heterogeneous than when they are homogeneous. Cost heterogeneity influences expenditures directly … contestants with low investment costs: they incorporate the heterogeneity and the differences in continuation values when …

particular, we test whether decision makers in multi-stage tournaments take heterogeneity induced changes of continuation values …