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We model competition on a credence market governed by an imperfect label, signaling high quality, as a rank-order tournament between firms. In this market interaction, asymmetric firms jointly and competitively control the underlying quality ranking's precision by releasing individual...
Persistent link: https://www.econbiz.de/10014377606
We address the problem of optimal allocation of non-divisible resource bundles to a set of interconnected contests. For this purpose, we study a modification of the Colonel Blotto Game called the Tennis Coach Problem. We devise a thoroughly probabilistic method of payoff representation and fully...
Persistent link: https://www.econbiz.de/10013245474
Persistent link: https://www.econbiz.de/10014537315
We model competition on a credence market governed by an imperfect label, signaling high quality, as a rank-order tournament between firms. In this market interaction, asymmetric firms jointly and competitively control the underlying quality ranking's precision by releasing individual...
Persistent link: https://www.econbiz.de/10014336462