Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10011569129
We analyse an endogenous prize all-pay auction under complete information where it is possible that none of the bidders wins and the winning payoff becomes non-monotonic in own bid. We derive the conditions for the existence of pure strategy equilibria and fully characterize the unique mixed...
Persistent link: https://www.econbiz.de/10012857546
Persistent link: https://www.econbiz.de/10012595144
This article examines behavior in two-person constant-sum Colonel Blotto games in which each player maximizes the expected total value of the battlefields won. A lottery contest success function is employed in each battlefield. Recent experimental research on such games provides only partial...
Persistent link: https://www.econbiz.de/10012984886