We study the role of information exchange through alliances in a framework with contestants who have binding budget … for the Bayesian Nash equilibrium. Then we consider the role of information exchange through alliances. Contestants learn … the budget limits of all players who are within the same alliance, and then decide independently about their own contest …

This paper studies a contest in which players with unobservable types may form an alliance in a pre-stage of the game … of alliance formation in any equilibrium. In this case there exists a pooling equilibrium without alliances with a unique … effort choice in the contest and there exist equilibria in which all types prefer to form an alliance. If the formation of an …

This paper studies a contest in which players with unobservable types may form an alliance in a pre-stage of the game … of alliance formation in any equilibrium. In this case there exists a pooling equilibrium without alliances with a unique … effort choice in the contest and there exist equilibria in which all types prefer to form an alliance. If the formation of an …

that characterizes whether and when the aggregate equilibrium payoff of contestants is higher in the single-stage contest …, and when the single-stage contest is more likely to award the prize to the contestant who values it most highly. The …

Our experimental analysis of alliances in conflicts leads to three main findings. First, even in the absence of …, this subsequent internal conflict does not discourage alliance members from expending much effort in the contest against …

We investigate a multi-period contest model in which a contestant.s present success gives an advantage over a rival in …

in endogenously formed alliances cope better with the moral hazard problem in groups than players who are forced into an …