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A nested contest: Tullock meets the All-Pay Auction
Amegashie, J. Atsu - Volkswirtschaftliche Fakultät, … - 2012
I present a two-player nested contest which is a convex combination of two widely studied contests: the Tullock …
Persistent link: https://www.econbiz.de/10011108739
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Extremism drives out moderation
Klose, Bettina; Kovenock, Dan - 2012
This article investigates the impact of the distribution of preferences on equilibrium behavior in conflicts that are modeled as all-pay auctions with identity-dependent externalities. In this context, we define centrists and radicals using a willingness-to-pay criterion that admits preferences...
Persistent link: https://www.econbiz.de/10010281941
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On optimal head starts in all-pay auctions
Seel, Christian; Wasser, Cédric - In: Economics Letters 124 (2014) 2, pp. 211-214
We consider a two-player all-pay auction with symmetric independent private values that are uniformly distributed. The designer chooses the size of a head start that is given to one of the players. The designer’s objective is to maximize a convex combination of the expected highest effort and...
Persistent link: https://www.econbiz.de/10010933286
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Extremism Drives Out Moderation
Klose, Bettina; Dan Kovenock J. - CESifo - 2012
This article investigates the impact of the distribution of preferences on equilibrium behavior in conflicts that are modeled as all-pay auctions with identity-dependent externalities. In this context, we define centrists and radicals using a willingness-to-pay criterion that admits preferences...
Persistent link: https://www.econbiz.de/10010547898
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Extremism Drives Out Moderation
Klose, Bettina; Kovenock, Dan - Economic Science Institute (ESI), Argyros School of … - 2012
This article investigates the impact of the distribution of preferences on equilibrium behavior in conflicts that are modeled as all-pay auctions with identity-dependent externalities. In this context, we define centrists and radicals using a willingness-topay criterion that admits preferences...
Persistent link: https://www.econbiz.de/10010817400
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Contests with Rank-Order Spillovers
Baye, Michael R.; Kovenock, Dan; de Vries, Casper G. - 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/10010325768
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Asymmetric all-pay auctions with spillovers
Betto, Maria; Thomas, Matthew W. - In: Theoretical Economics 19 (2024) 1, pp. 169-206
When opposing parties compete for a prize, the sunk effort players exert during the conflict can affect the value of the winner's reward. These spillovers can have substantial influence on the equilibrium behavior of participants in applications such as lobbying, warfare, labor tournaments,...
Persistent link: https://www.econbiz.de/10014536891
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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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Contests with rank-order spillovers
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
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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