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contests average expenditures converge to equilibrium levels when subjects only get feedback about own earnings, and additional … feedback about rivals' choices and earnings raises average expenditures. In lottery contests information feedback has an …
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I explore asymmetric equilibria in a Tullock contest of heterogeneous players in the case when the players’ heterogeneity is weak, and the effort optimization problem can be analyzed in the linear approximation. With increasing discriminatory power of the contest, players sequentially drop...
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forms of contests involve contestants sequentially choosing their effort entries. This study allows agents to choose the … rise to sequential contests. Copyright Springer Science + Business Media B.V. 2006 …
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We study the value of commitment in contests and tournaments when there are costs for the follower to observe the … entirely in sequential and endogenous move contests, regardless of the size of the observation cost. By contrast, in …
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