Krumer, Alex; Megidish, Reut; Sela, Aner - C.E.P.R. Discussion Papers - 2014
We study round-robin and elimination tournaments with three players where one player is dominant, i.e., he has a higher value of winning than his weaker opponents. In every stage, a pair-wise match is modelled as an all-pay auction. We demonstrate that the expected payoff of the weak players in...