Arbeitspapier
Payoff Shares in Two-Player Contests
In contest models with symmetric valuations, equilibrium payoffs are positive shares of the value of the prize. In contrast to a bargaining situation, these shares sum to less than one because a share of the value is lost due to rent-dissipation. We ask: can every such division into payoff shares arise as the outcome of the unique pure-strategy Nash equilibrium of a simple asymmetric contest in which contestants differ in the effectiveness of their efforts? For two-player contests the answer is shown to be positive.
- Sprache
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Englisch
- Erschienen in
-
Series: WWZ Discussion Paper ; No. 2014/11
- Klassifikation
-
Wirtschaft
Noncooperative Games
Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
Conflict; Conflict Resolution; Alliances; Revolutions
- Thema
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Contests
Pure-Strategy Equilibrium
Rent-Dissipation
- Ereignis
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Geistige Schöpfung
- (wer)
-
Häfner, Samuel
Nöldeke, Georg
- Ereignis
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Veröffentlichung
- (wer)
-
University of Basel, Center of Business and Economics (WWZ)
- (wo)
-
Basel
- (wann)
-
2014
- DOI
-
doi:10.5451/unibas-ep61607
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Häfner, Samuel
- Nöldeke, Georg
- University of Basel, Center of Business and Economics (WWZ)
Entstanden
- 2014
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