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A contest is a game where several players compete for winning prizes by expending costly efforts. We assume that the outcome of a contest is an ordered partition of the set of players (a ranking) and a contest success function assigns a probability to each possible outcome as a function of...
Persistent link: https://www.econbiz.de/10010840260
nations, as in a strategic game of international conflict handing over military spending decisions to citizens who face a …
Persistent link: https://www.econbiz.de/10011452800
Why is there delay in contests? In this paper we follow and extend the line of reasoning of Carl von Clausewitz to explain delay. For a given contest technology, delay may occur if there is an asymmetry between defense and attack, if the expected change in relative strengths is moderate, and if...
Persistent link: https://www.econbiz.de/10010307021
outside enemy, brothers in arms may already anticipate future internal conflict about dividing the spoils of winning; however …, this subsequent internal conflict does not discourage alliance members from expending much effort in the contest against …
Persistent link: https://www.econbiz.de/10010307682
We study endogenous group formation in tournaments employing experimental three-player contests. We find that players in endogenously formed alliances cope better with the moral hazard problem in groups than players who are forced into an alliance. Also, players who are committed to expending...
Persistent link: https://www.econbiz.de/10010333950
We study equilibrium in a multistage race in which players compete in a sequence of simultaneous move component contests. Players may win a prize for winning each component contest, as well as a prize for winning the overall race. Each component contest is an all-pay auction with complete...
Persistent link: https://www.econbiz.de/10010334077
We study the role of an imbalance in fighting strengths when players bargain in the shadow of conflict. Our … experimental results suggest: In a simple bargaining game with an exogenous mediation proposal, the likelihood of conflict is … independent of the balance of power. If bargaining involves endogenous demand choices, however, the likelihood of conflict is …
Persistent link: https://www.econbiz.de/10011637947
such as race, gender, or ethnicity is much less acceptable. Why? I develop a simple rent-seeking model of conflict which is …
Persistent link: https://www.econbiz.de/10010264357
outside enemy, 'brothers in arms' may already anticipate future internal conflict about dividing the spoils of winning …; however, this subsequent internal conflict does not discourage alliance members from expending much effort in the contest …
Persistent link: https://www.econbiz.de/10010274925
nations, as in a strategic game of international conflict handing over military spending decisions to citizens who face a …
Persistent link: https://www.econbiz.de/10011480439