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We study a non-symmetric variant of General Lotto games introduced in Hart (Int J Game Theory 36:441–460, <CitationRef CitationID="CR7">2008</CitationRef>). We provide a complete characterization of optimal strategies for both players in non-symmetric discrete General Lotto games, where one of the players has an advantage over the...</citationref>
Persistent link: https://www.econbiz.de/10010993352
We study multi-stage sequential all-pay contests (auctions) where heterogeneous contestants are privately informed … contests and analyze the effect of the number of contestants and their types on the contestants׳ expected highest effort. …
Persistent link: https://www.econbiz.de/10011048568
In a deterministic contest or all-pay auction, all rents are dissipated when information is complete and contestants are identical. As one contestant becomes “stronger”, that is, values the prize more, total expenditures are known to decrease monotonically. Thus, asymmetry among contestants...
Persistent link: https://www.econbiz.de/10011051631
We study multi-stage sequential all-pay contests (auctions) where heterogeneous contestants are privately informed … multi-stage sequential all-pay contests and analyze the effect of the number of contestants, their types, and their order on …
Persistent link: https://www.econbiz.de/10011083820
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
We study two-player common-value all-pay auctions (contests) with asymmetric information under the assumption that one … of the players has an information advantage over his opponent. We characterize the unique equilibrium in these contests …
Persistent link: https://www.econbiz.de/10011084342
I examine the consequences of letting players compete for bargaining power in a multilateral bargaining game. In each period, the right to propose an offer is sold to the highest bidder, and all players pay their bids. If players vote according to any rule in which no player has veto power, then...
Persistent link: https://www.econbiz.de/10011189762
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
the modelization for many real scenarios, like R&D contests and sport tournaments. In our simple two-stage framework with …
Persistent link: https://www.econbiz.de/10011107336