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Dynamic Contests and the Discouragement Effect

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  • Kai A. Konrad

Abstract

Considering several main types of dynamic contests (the race, the tug-of-war, elimination contests and iterated incumbency fights) we identify a common pattern: the discouragement effect. This effect explains why the sum of rent-seeking efforts often falls considerably short of the prize that is at stake. It may cause violent conflict in early rounds, but may also lead to long periods of peaceful interaction.

Suggested Citation

  • Kai A. Konrad, 2012. "Dynamic Contests and the Discouragement Effect," Revue d'économie politique, Dalloz, vol. 122(2), pages 233-256.
    • Handle: RePEc:cai:repdal:redp_218_0233
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    Cited by:

    1. Denter, Philipp & Sisak, Dana, 2015. "Do polls create momentum in political competition?," Journal of Public Economics, Elsevier, vol. 130(C), pages 1-14.
    2. Bhattacharya, Puja & Rampal, Jeevant, 2019. "Contests within and between groups," Discussion Papers, Research Unit: Market Behavior SP II 2019-206, WZB Berlin Social Science Center.
    3. Jean Lacroix, 2023. "Ballots Instead of Bullets? The Effect of the Voting Rights Act on Political Violence," Journal of the European Economic Association, European Economic Association, vol. 21(2), pages 764-813.
    4. Peter-J. Jost, 2021. "“The ball is round, the game lasts 90 minutes, everything else is pure theoryâ€," Journal of Sports Economics, , vol. 22(1), pages 27-74, January.
    5. Ernest Liu & Atif Mian & Amir Sufi, 2022. "Low Interest Rates, Market Power, and Productivity Growth," Econometrica, Econometric Society, vol. 90(1), pages 193-221, January.
    6. Karagözoğlu, Emin & Sağlam, Çağrı & Turan, Agah R., 2021. "Perseverance and suspense in tug-of-war," Journal of Mathematical Economics, Elsevier, vol. 95(C).
    7. Kai A. Konrad & Dan Kovenock, 2022. "Introduction to the Special Issue on Contests," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 74(4), pages 1017-1023, November.
    8. Häfner, Samuel, 2017. "A tug-of-war team contest," Games and Economic Behavior, Elsevier, vol. 104(C), pages 372-391.
    9. Emin Karagözoğlu & Kerim Keskin & Çağrı Sağlam, 2021. "Race meets bargaining in product development," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(3), pages 702-709, April.
    10. Daron Acemoglu & James A. Robinson, 2017. "The Emergence of Weak, Despotic and Inclusive States," NBER Working Papers 23657, National Bureau of Economic Research, Inc.
    11. Klein, Arnd Heinrich & Schmutzler, Armin, 2021. "Incentives and motivation in dynamic contests," Journal of Economic Behavior & Organization, Elsevier, vol. 189(C), pages 194-216.
    12. Dong, Lu & Huang, Lingbo, 2019. "Is there no ‘I’ in team? Strategic effects in multi-battle team competition," Journal of Economic Psychology, Elsevier, vol. 75(PB).
    13. Aniruddha Bagchi & João Ricardo Faria & Timothy Mathews, 2019. "A model of a multilateral proxy war with spillovers," Public Choice, Springer, vol. 179(3), pages 229-248, June.
    14. Gilles Grandjean & Petros G. Sekeris, 2017. "The timing of contests," Defence and Peace Economics, Taylor & Francis Journals, vol. 28(2), pages 137-149, March.
    15. Doğan, Serhat & Karagözoğlu, Emin & Keskin, Kerim & Sağlam, Çağrı, 2018. "Multi-player race," Journal of Economic Behavior & Organization, Elsevier, vol. 149(C), pages 123-136.
    16. Derek J. Clark & Tore Nilssen, 2021. "Competitive balance when winning breeds winners," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 56(2), pages 363-384, February.
    17. Subhasish M. Chowdhury & Patricia Esteve‐González & Anwesha Mukherjee, 2023. "Heterogeneity, leveling the playing field, and affirmative action in contests," Southern Economic Journal, John Wiley & Sons, vol. 89(3), pages 924-974, January.
    18. Klunover, Doron, 2021. "When sabotage fails," Mathematical Social Sciences, Elsevier, vol. 113(C), pages 164-168.
    19. McBride, Michael & Skaperdas, Stergios, 2014. "Conflict, settlement, and the shadow of the future," Journal of Economic Behavior & Organization, Elsevier, vol. 105(C), pages 75-89.
    20. Antoine Pietri, 2017. "Les modèles de « rivalité coercitive » dans l’analyse économique des conflits," Revue d'économie politique, Dalloz, vol. 127(3), pages 307-352.
    21. Clark, Derek J. & Nilssen, Tore, 2020. "Creating balance in dynamic competitions," International Journal of Industrial Organization, Elsevier, vol. 69(C).
    22. Timothy Mathews & Shane Sanders, 2019. "Strategic and experimental analyses of conflict and terrorism," Public Choice, Springer, vol. 179(3), pages 169-174, June.
    23. Laica, Christoph & Lauber, Arne & Sahm, Marco, 2021. "Sequential round-robin tournaments with multiple prizes," Games and Economic Behavior, Elsevier, vol. 129(C), pages 421-448.

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