Showing 101 - 103 of 103
We study a best-of-three all-pay contest with two players in which the first player to win two games wins the contest. Each player has a value of winning the contest as well as a value of winning a single game. It is assumed that a player’s value of winning a game in his home field is...
Persistent link: https://www.econbiz.de/10011139177
We study round-robin tournaments with three players whose values of winning are common knowledge. In every stage a pair-wise match is modelled as an all-pay auction. The player who wins in two matches wins the tournament. We characterize the sub-game perfect equilibrium for symmetric (all...
Persistent link: https://www.econbiz.de/10011083965
We study round-robin and elimination tournaments with three players where one player is dominant, i.e., he has a higher value of winning than his weaker opponents. In every stage, a pair-wise match is modelled as an all-pay auction. We demonstrate that the expected payoff of the weak players in...
Persistent link: https://www.econbiz.de/10011084077