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We propose an alternative interpretation of additive random noise from the canonical framework of Lazear and Rosen (1981) amenable to applications where players do observe their final outputs at the time when inputs are chosen. This interpretation is suitable to model situations where...
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We analyze the interplay of group identity and inter-group conflict in a contest where each of two conflicting groups can develop either a group or an individualistic identity. Contest structures impact on the adoption of identities which themselves influence behavior in the contest. We show the...
Persistent link: https://www.econbiz.de/10010305929
Perfectly discriminating contests (or all pay auction) are widely used as a model of situations where individuals … devote resources to win some prize. In reality such contests are often preceded by investments of the contestants into their …
Persistent link: https://www.econbiz.de/10010307018
Competition in some product markets takes the form of a contest. If some firms cooperate in such markets, they must decide how to allocate effort on each of their products and whether to reduce the number of their products in the competition. We show how this decision depends on the convexity...
Persistent link: https://www.econbiz.de/10010307019
We analyze the doping behavior of heterogeneous athletes in an environment of private information. In a n-player strategic game, modeled as an all-pay auction, each athlete has private information about his actual physical ability and choses the amount of performance-enhancing drugs. The use of...
Persistent link: https://www.econbiz.de/10011390690
simple asymmetric contest in which contestants differ in the effectiveness of their efforts? For two-player contests the …
Persistent link: https://www.econbiz.de/10011390708
-order contests with complete information, in which each player's strategy generates direct or indirect affine spillover effects that … economic environments, as well as in classic contests adapted to recent experimental and behavioral models where individuals …&D races, models of ligitation, and a host of other contests. …
Persistent link: https://www.econbiz.de/10010325768
results to contests with incomplete informa tion. Two assumptions are imposed on the information structure. First, the players …
Persistent link: https://www.econbiz.de/10010332037
This paper presents a strategic model of risk-taking behavior in contests. Formally, we analyze an n-player winner …
Persistent link: https://www.econbiz.de/10010333764