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Baye, Michael R.; Kovenock, Daniel J.; Vries, Casper G. de - 2009 - Revised: April 2009

-order contests with complete information, in which each player's strategy generates direct or indirect affine spillover effects that … economic environments, as well as in classic contests adapted to recent experimental and behavioral models where individuals …&D races, models of ligitation, and a host of other contests. …

Persistent link: https://www.econbiz.de/10011378808

The doping threshold in sport contests

Müller, Daniel - 2013

We analyze the doping behavior of heterogeneous athletes in an environment of private information. In a n-player strategic game, modeled as an all-pay auction, each athlete has private information about his actual physical ability and choses the amount of performance-enhancing drugs. The use of...

Persistent link: https://www.econbiz.de/10009772194

Common value allocation mechanisms with private information : lotteries or auctions?

Matros, Alexander; Possajennikov, Alexandre - 2014

We consider mechanisms for allocating a common-value prize between two players in an incomplete information setting. In this setting, each player receives an independent private signal about the prize value. The signals are from a discrete distribution and the value is increasing in both...

Persistent link: https://www.econbiz.de/10010360354

Innovation contests

Pérez-Castrillo, J. David; Wettstein, David - 2014

We study innovation contests with asymmetric information and identical contestants, where contestants' efforts and … payoffs for both nondiscriminatory and discriminatory (where the reward is contestant-dependent) contests. We derive …

Persistent link: https://www.econbiz.de/10010260048

Continuous time contests with private information : conference paper

Seel, Christian; Stracky, Philipp - 2014

This paper introduces a class of contest models in which each player decides when to stop a privately observed Brownian motion with drift and incurs costs depending on his stopping time. The player who stops his process at the highest value wins a prize. We prove existence and uniqueness of a...

Persistent link: https://www.econbiz.de/10010487682

Overconfidence can improve an agent's relative and absolute performance in contests

Ludwig, Sandra; Wichardt, Philipp C.; Wickhorst, Hanke - 2010

This paper suggests a potential rationale for the recent empirical finding that overconfident agents tend to self-select into more competitive environments (e.g. Dohmen and Falk, forthcoming). In particular, it shows that moderate overconfidence in a contest can improve the agent's performance...

Persistent link: https://www.econbiz.de/10008757370

Dual sourcing with price discovery

Alcalde, José; Dahm, Matthias - 2016

Reverse auctions are considered a fast and inexpensive price discovery tool to award procurement contracts and it is often desirable to award contracts to more than one supplier. We propose a new procurement procedure that is based on a reverse auction. Shares are allocated endogenously,...

Persistent link: https://www.econbiz.de/10011448760

Silent interests and all-pay auctions

Konrad, Kai A. - 2005

If firms compete in all-pay auctions with complete information, silent shareholdings introduce asymmetric externalities into the all-pay auction framework. If the strongest firm owns a large share in the second strongest firm, this may make the strongest firm abstain from bidding. As a...

Persistent link: https://www.econbiz.de/10010261198

Outsourcing in contests

Meland, Frode; Straume, Odd Rune - 2006

We study ex post outsourcing of production in an imperfectly discriminating contest, interpreted here as a research tournament or a procurement contest for being awarded some production contract. We find that the possibility of outsourcing increases competition between the contestants, leading...

Persistent link: https://www.econbiz.de/10010261411

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 …

Persistent link: https://www.econbiz.de/10010343949