García Martínez, José A. - In: SERIEs : Journal of the Spanish Economic Association 9 (2018) 3, pp. 305-332
This paper analyzes the effect of competition in a dynamic contest in which agents of two types (A and B) differ in …{k}{n} determines the proportion of winning agents in each group. This ratio also describes the strength of competition in the group …: the lower \frac{k}{n} is, the higher the level of competition is. Our results show that type A eventually dominates the …