Showing 1 - 10 of 24
Persistent link: https://www.econbiz.de/10003357672
Persistent link: https://www.econbiz.de/10003357708
Persistent link: https://www.econbiz.de/10003357713
I consider a model in which an asset owner must decide how much to invest in his asset mindful of the fact that an encroacher's valuation of the asset is increasing in the asset owner's investment. Due to incomplete property rights, the encroacher and asset owner engage in a contest over the...
Persistent link: https://www.econbiz.de/10003861788
Persistent link: https://www.econbiz.de/10003824238
Persistent link: https://www.econbiz.de/10009161579
I present a two-player nested contest which is a convex combination of two widely studied contests: the Tullock (lottery) contest and the all-pay auction. A Nash equilibrium exists for all parameters of the nested contest. If and only if the contest is sufficiently asymmetric, then there is an...
Persistent link: https://www.econbiz.de/10009659345
Persistent link: https://www.econbiz.de/10009661384
Persistent link: https://www.econbiz.de/10009630317
Persistent link: https://www.econbiz.de/10001718422