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contest. In both cases, when decisions to share information are made independently, sharing information is strictly dominated …
Persistent link: https://www.econbiz.de/10008822740
We consider a general class of imperfectly discriminating contests with privately informed players. We show that findings by Athey (2001) imply the existence of a Bayesian Nash equilibrium in monotone pure strategies.
Persistent link: https://www.econbiz.de/10008822063
This paper considers incentives for information acquisition ahead of conflicts. First, we characterize the (unique) equilibrium of the all-pay auction between two players with one-sided asymmetric information where one player has private information about his valuation. Then, we use ou rresults...
Persistent link: https://www.econbiz.de/10003950481
contests. Players may win a prize for winning each component contest, as well as a prize for winning the overall race. Each … component contest is an all-pay auction with complete information. We characterize the unique equilibrium analytically and …
Persistent link: https://www.econbiz.de/10010365877
Two players with independent private values compete for a prize in an all-pay contest. Before the contest, each player … equilibrium of the contest where players spy on each other, the equilibrium effort to compete for the prize is non-decreasing in …
Persistent link: https://www.econbiz.de/10012902624
-pay contests. Provided that the contest is uniformly asymmetric, full revelation is the unique perfect Bayesian equilibrium outcome … favorite will try to discourage the underdog─so that the contest unravels. Self-disclosure is optimal even though a weak …
Persistent link: https://www.econbiz.de/10013251018
. Our benchmark result is that total effort is maximized by a unique grand contest and contestant exclusions decrease total … strategy space of the designer so as to obtain a greater total effort than that of a unique grand contest, and we find that; (i …) if the designer can make contestants' efforts valid for competing simultaneously in more than one contest, then total …
Persistent link: https://www.econbiz.de/10013296576
main result says that, if the contest is uniformly asymmetric, then full revelation is the unique perfect Bayesian … while, similarly, the strongest type of the favorite tries to discourage the underdog - so that the contest unravels. This …
Persistent link: https://www.econbiz.de/10014321141
not seem to participate in retaliatory escalation of conflict behaviour. However, compared to other players, captains …
Persistent link: https://www.econbiz.de/10011500260
Wars of conquest and wars of independence are characterized by an asymmetric payoff structure: one party gets aggregate production if it wins, and its own production if it loses, while the other party gets only its own production if it wins, and nothing if it loses. We study a model of war with...
Persistent link: https://www.econbiz.de/10009754525