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experience entry and other do not. In all pre-entry markets competition is more intense. Post-entry behavior in all markets is …
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developed rivalry. We find that the principal reacts to his agents' competitive preferences through a reallocation of incentive … exhibit rivalry while the other ideally should behave completely egoistically. …
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dilemma situations. As a result, they are often treated alike. In this paper we argue that the degree of rivalry is the … fundamental difference between the two games. We show that rivalry implies that both games cannot be represented by the same game …-pants clearly perceive the differences in rivalry. Aggregate behavior in both games starts relatively close to Pareto efficiency and …
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gain from doing so. Again, rivalry contributes to the phenomenon: a supplier who buys out the maverick would fall behind …
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Everyone remembers a plot where a disadvantaged individual facing the prospect of failure, spends more effort, turns around the game and wins unexpectedly. Most tournament theories, however, predict the opposite pattern and see the disadvantaged agent investing less effort. We show that 'turn...
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