An experimental investigation of asymmetric contests
نویسندگان
چکیده
منابع مشابه
An experimental investigation of asymmetric contests∗
Contest theory has been used in Industrial Organization to describe phenomena like R&D races, or efforts to defend a monopoly position. When pricing behavior is constrained by regulators, competition can also take the form of a contest. This paper reports on an experimental test of the effects of asymmetry in the Tullock contest success function. Both the simultaneousmove and sequential-move fr...
متن کاملAn Experimental Investigation of Simultaneous Multi-battle Contests with Complementarities
This paper reports the results of laboratory experiments that are designed to test theoretical predictions in a multi-battle contest with complementarities. The specific setting is a game of Hex where control of each region is determined by a Tullock contest and the overall winner is determined by the combination of claimed regions. We find that in a game with only a few regions, aggregate beha...
متن کاملAsymmetric Contests
We investigate the Nash equilibria of asymmetric, winner-take-all, imperfectly discriminating contests, focusing on existence, uniqueness and rent dissipation. When the contest success function is determined by a production function with decreasing returns for each contestant, equilibria are unique. If marginal product is also bounded, limiting total expenditure is equal to the value of the pri...
متن کاملAsymmetric Contests with Conditional Investments
This paper studies equilibrium behavior in a class of games that models asymmetric competitions with unconditional and conditional investments. Such competitions include lobbying settings, labor-market tournaments, and R&D races, among others. I provide an algorithm that constructs the unique equilibrium in these games, and apply it to study competitions in which a fraction of each competitor’s...
متن کاملRepeated contests with asymmetric information
The same contestants often meet repeatedly in contests. Behavior in a contest potentially provides information with regard to ones type and can therefore inuence the behavior of the opponents in later contests. This paper shows that if e¤ort is observable, this can induce a ratchet e¤ect in contests: high ability contestants sometimes put in little e¤ort in an early round in order to make the...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: International Journal of Industrial Organization
سال: 2009
ISSN: 0167-7187
DOI: 10.1016/j.ijindorg.2009.01.004