Showing 1 - 10 of 550
We study the optimal design of organizations under the assumption that agents in a contest care about their relative position. A judicious de?nition of status categories can be used by a principal in order to in?uence the agents?performance. We first consider a pure status case where there are...
Persistent link: https://www.econbiz.de/10011272245
We study two-player common-value all-pay auctions (contests) with asymmetric information under the assumption that one of the players has an information advantage over his opponent and both players are budget-constrained. We generalize the results for all-pay auctions with complete information,...
Persistent link: https://www.econbiz.de/10010960213
Under standard assumptions about players'cost functions, we show that a Tullock contest with asymmetric information has a pure strategy equilibrium. Next we study Tullock contests in which players have a common value and a common state-independent linear cost function. A two-player contest in...
Persistent link: https://www.econbiz.de/10011272224
We study multi-stage sequential all-pay contests (auctions) where heterogeneous contestants are privately informed about a parameter (ability) that affects their cost of effort. We characterize the Perfect Baysian equilibrium of these multi-stage sequential all-pay contests and analyze the...
Persistent link: https://www.econbiz.de/10011272232
We study two-player common-value all-pay auctions in which the players have ex-ante asymmetric information represented by finite partitions of the set of possible values of winning. We consider two families of such auctions: in the first, one of the players has an information advantage...
Persistent link: https://www.econbiz.de/10011272249
We study a sequential Tullock contest with two stages and two identical prizes. The players compete for one prize in each stage and each player may win either one or two prizes. The players have either decreasing or increasing marginal values for the prizes, which are commonly known, and there...
Persistent link: https://www.econbiz.de/10011272261
We study a sequential (Stackelberg) all-pay auction with two contestants who are privately informed about a parameter (ability) that affects their cost of effort. Contestant 1 (the fi?rst mover) exerts an effort in the fi?rst period, while contestant 2 (the second mover) observes the effort of...
Persistent link: https://www.econbiz.de/10009386359
We study a sequential two-stage all-pay auction with two identical prizes. In each stage, the players compete for one prize and each player may win either one or two prizes. The designer may impose a cap on the players' bids in each of the stages. We analyze the equilibrium in this sequential...
Persistent link: https://www.econbiz.de/10008727312
We study a round-robin tournament with n symmetric players where in each of the n-1 stages each of the players competes against a different player in the Tullock contest. Each player has a limited budget of effort that decreases within the stages proportionally to the effort he exerted in the...
Persistent link: https://www.econbiz.de/10008727313
We study all-pay contests with an exogenous minimal effort constraint where a player can participate in a contest only if his effort (output) is equal to or higher than the minimal effort constraint. Contestants are privately informed about a parameter (ability) that affects their cost of...
Persistent link: https://www.econbiz.de/10008727314