منابع مشابه
Dynamic Contests
Considering several main types of dynamic contests (the race, the tugof-war, elimination contests and iterated incumbency ghts) we identify a common pattern: the discouragement e¤ect. This e¤ect explains why the sum of rent-seeking e¤orts often falls considerably short of the prize that is at stake. It may cause violent conict in early rounds, but may also lead to long periods of peaceful int...
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 کاملLarge Contests
We consider contests with many, possibly heterogeneous, players and prizes that include many existing contest models as special cases. We show that the equilibria of such contests are approximated by an appropriately defined set of incentive-compatible individually-rational single-agent mechanisms. This approach makes it possible to approximate the equilibria of contests whose exact equilibrium...
متن کاملCardinal Numbers
Part 1 Cardinality of Sets 2 1. Our Purpose 2 2. Introduction 2 3. Notation 3 4. Basic Operations 3 5. Notation and definitions for classes of cardinal numbers 3 6. Basic properties of Cardinal Arithmetic 5 7. General Arithmetic Properties Of Transfinite Cardinals 5 7.1. Useful Special Cases 5 7.2. General Cases 5 8. Specific Arithmetic Relations 6 8.1. Cases involving א0 6 8.2. Cases involving...
متن کاملContests with Size Effects Contests with Size Effects
In this paper we analyze the structure of contest equilibria with a variable number of agents. First we analyze a situation where the total prize depends on the number of agents and where every single agent faces opportunity costs of investing in the contest. Second we analyze a situation where the agents face a trade-off between productive and appropriative investments. Here, the number of age...
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ژورنال
عنوان ژورنال: ACM Transactions on Economics and Computation
سال: 2018
ISSN: 2167-8375,2167-8383
DOI: 10.1145/3232862