Bester, Helmut; Konrad, Kai A. - Abteilung "Marktprozesse und Steuerung", … - 2002
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...