Arbeitspapier
Bidding in hierarchies
This paper reconsiders the comparison between hierarchical contests and single-stage contests. A condition is given that characterizes whether and when the aggregate equilibrium payoff of contestants is higher in the single-stage contest, and when the single-stage contest is more likely to award the prize to the contestant who values it most highly. The outcome depends on inter- and intra-group heterogeneity, and is not driven by free-rider incentives.
- Alternative title
-
Das Bieten in Hierarchien
- Language
-
Englisch
- Bibliographic citation
-
Series: WZB Discussion Paper ; No. SP II 2003-27
- Classification
-
Wirtschaft
Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
Conflict; Conflict Resolution; Alliances; Revolutions
- Subject
-
Contest
hierarchies
rent dissipation
- Event
-
Geistige Schöpfung
- (who)
-
Konrad, Kai A.
- Event
-
Veröffentlichung
- (who)
-
Wissenschaftszentrum Berlin für Sozialforschung (WZB)
- (where)
-
Berlin
- (when)
-
2003
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Konrad, Kai A.
- Wissenschaftszentrum Berlin für Sozialforschung (WZB)
Time of origin
- 2003
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Mobilität in mehrstufigen Ausbildungsturnieren
Strategy in contests: an introduction
Strategic aspects of fighting in alliances
Information alliances in contests with budget limits
Risk taking and taxation in complete capital markets
Altruism and Envy in Contests: An Evolutionarily Stable Symbiosis
Altruism and envy in contests: an evolutionarily stable symbiosis
Merger profitability in industries with brand portfolios and loyal customers
Investment in the Absence of Property Rights: The Role of Incumbency Advantages
Taxation and risk taking in a capital market equilibrium with self-selection