תקציר
I consider a contest between two risk-neutral players over a common-value prize, in which one player has a linear cost-of-effort function and the other a strictly convex cost-of-effort function f. I show that if the value of the prize is above (below) a certain threshold level, then the equilibrium aggregate effort in this contest is larger (smaller) than in a contest in which both players are characterized by the strictly convex cost-of-effort function f, and smaller (larger) than in a contest in which both players are characterized by a linear cost-of-effort function. Therefore, in contrast to the general result in the literature, asymmetry in contests can increase competition.
| שפה מקורית | אנגלית |
|---|---|
| מספר המאמר | 102337 |
| כתב עת | European Journal of Political Economy |
| כרך | 78 |
| מזהי עצם דיגיטלי (DOIs) |
|
| סטטוס פרסום | פורסם - יוני 2023 |
| פורסם באופן חיצוני | כן |
טביעת אצבע
להלן מוצגים תחומי המחקר של הפרסום 'Asymmetric technologies in contests'. יחד הם יוצרים טביעת אצבע ייחודית.פורמט ציטוט ביבליוגרפי
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