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On the survival of payoff maximizing behavior and delegation in contests

Possajennikov, Alexandre (contributor) - 2008

The evolutionary stability of payoff-maximizing preferences in the model of indirect evolution in symmetric games depends on the slope of the reaction function being zero at equilibrium. The application of this result to contests confirms that in two-player contests the optimal delegation...

Persistent link: https://www.econbiz.de/10003790694

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