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Contests with Investment
Münster, Johannes - 2006
Perfectly discriminating contests (or all pay auction) are widely used as a model of situations where individuals … devote resources to win some prize. In reality such contests are often preceded by investments of the contestants into their … timing of investment are studied. With simultaneous investments, equilibria in which players play a pure strategy in the …
Persistent link: https://www.econbiz.de/10010334000
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Contests with investment
Münster, Johannes - Abteilung "Marktprozesse und Steuerung", … - 2006
Perfectly discriminating contests (or all pay auction) are widely used as a model of situations where individuals … devote resources to win some prize. In reality such contests are often preceded by investments of the contestants into their … timing of investment are studied. With simultaneous investments, equilibria in which players play a pure strategy in the …
Persistent link: https://www.econbiz.de/10009367871
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Contests with Investment
Münster, Johannes - Volkswirtschaftliche Fakultät, … - 2006
Perfectly discriminating contests (or all pay auction) are widely used as a model of situations where individuals … devote resources to win some prize. In reality such contests are often preceded by investments of the contestants into their … timing of investment are studied. With simultaneous investments, equilibria in which players play a pure strategy in the …
Persistent link: https://www.econbiz.de/10005785899
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Contests with investment
Münster, Johannes - 2006
Perfectly discriminating contests (or all pay auction) are widely used as a model of situations where individuals … devote resources to win some prize. In reality such contests are often preceded by investments of the contestants into their … timing of investment are studied. With simultaneous investments, equilibria in which players play a pure strategy in the …
Persistent link: https://www.econbiz.de/10010343949
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Self-Allocation in Contests
Bernergard, Axel; Wärneryd, Karl - 2017
where no contestant would wish to change his choice of contest, results in the allocation of players to contests that … maximizes aggregate equilibrium effort. For a class of oligopoly models that are equivalent to contests, this implies output …
Persistent link: https://www.econbiz.de/10011744942
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Socially Optimal Mechanisms
Onderstal, A.M. - Tilburg University, Center for Economic Research - 2002
Persistent link: https://www.econbiz.de/10011091049
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All-Pay Auctions with Polynomial Rewards
Bos, Olivier; Ranger, Martin - Volkswirtschaftliche Fakultät, … - 2013
&D races, lobbying activity and sport contests are captured by this framework. After analyzing the unique mixed strategy …
Persistent link: https://www.econbiz.de/10011114126
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The optimal allocation of prizes in contests: An auction approach
Yoon, Kiho - Institute of Economic Research, Korea University - 2012
We characterize the optimal structure of prizes in contests, when the contest designer is interested in the …-558) incomplete-information model of contests as well as other results in a particularly simple fashion. …
Persistent link: https://www.econbiz.de/10010856714
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Asymmetric all-pay auctions with interdependent valuations
Siegel, Ron - In: Journal of Economic Theory 153 (2014) C, pp. 684-702
I show that a unique equilibrium exists in an asymmetric two-player all-pay auction with a discrete signal structure, correlated signals, and interdependent valuations. The proof is constructive, and the construction can be implemented as a computer program and be used to derive comparative...
Persistent link: https://www.econbiz.de/10010930796
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Best-of-Three All-Pay Auctions
Sela, Aner - C.E.P.R. Discussion Papers - 2009
We study a three-stage all-pay auction with two players in which the first player to win two matches wins the best-of-three all-pay auction. The players have values of winning the contest and may have also values of losing, the latter depending on the stage in which the contest is decided. It is...
Persistent link: https://www.econbiz.de/10005661485