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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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Self-allocation in contests
Bernergård, Axel; Wärneryd, Karl Erik - 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/10011718621
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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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On asymmetry in all-pay auctions
Yoon, Kiho - Institute of Economic Research, Korea University - 2012
This paper examines the role of asymmetry in all-pay auctions. In particular, this paper decomposes a change in players' valuations into the absolute change and the relative change, and analyzes how these changes a¢çect total expenditures. An increase in the sum of players' valuations...
Persistent link: https://www.econbiz.de/10010641739
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Workaholics and Drop Outs in Optimal Organizations
Muller, Wieland; Schotter, Andrew - Center for Experimental Social Science (CESS), New York … - 2007
contests. We find that while in the aggregate the behavior of our subjects is consistent with that predicted by the theory …
Persistent link: https://www.econbiz.de/10005770972