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The purpose of this paper is to propose a symmetric two player general contest model in order to study the relationship between equilibria and crucial structural parameters of the model. In particular, given a general specification of the players' set of possible entries, of the agents' utility...
Persistent link: https://www.econbiz.de/10012961780
Outcomes observed in laboratory experiments on contests are often not consistent with the results expected by theoretical models, with phenomena that frequently occur like overbidding or persisting oscillations in strategic choices. Several explanations have been suggested to understand such...
Persistent link: https://www.econbiz.de/10013296681