Contest with cooperative behavior: a note
AbstractThe point of departure of this paper is that players in a contest may have mixed motives. On one hand, players have the interest of winning the contest and taking the prize. On the other hand, they could be better off taking part in a contest which implies some cooperative behaviour. This paper presents a contest model characterized by: (1) the existence of a second kind of effort here termed ‘cooperative effort'; (2) an asymmetry in the evaluation of the stake; (3) a degree of responsiveness to cooperative efforts. By comparing a basic contest model with the above-mentioned model, it has been shown that players may be better off in a contest which involves some cooperative behaviour. As the asymmetry in the evaluation of the stake becomes larger and larger, even a smaller degree of responsiveness to the aggregate cooperative efforts would make players better off. Eventually, a contest involving also cooperative efforts is less balanced than a pure contest.
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 32 (2012)
Issue (Month): 2 ()
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contest; cooperative and competitive efforts; contest success function;
Find related papers by JEL classification:
- D7 - Microeconomics - - Analysis of Collective Decision-Making
- D6 - Microeconomics - - Welfare Economics
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- Konrad, Kai A., 2009. "Strategy and Dynamics in Contests," OUP Catalogue, Oxford University Press, number 9780199549603, Octomber.
- Ansink, Erik & Weikard, Hans-Peter, 2009. "Contested water rights," European Journal of Political Economy, Elsevier, vol. 25(2), pages 247-260, June.
- Gil S. Epstein & Carsten Hefeker, 2003. "Lobbying contests with alternative instruments," Economics of Governance, Springer, vol. 4(1), pages 81-89, 04.
- Christian Riis & Derek J. Clark, 1997. "Contest success functions: an extension," Economic Theory, Springer, vol. 11(1), pages 201-204.
- Haan, Marco & Schoonbeek, Lambert, 2001. "Rent seeking with efforts and bids," CCSO Working Papers 200113, University of Groningen, CCSO Centre for Economic Research.
- Raul Caruso, 2008.
"Reciprocity in the shadow of threat,"
International Review of Economics,
Springer, vol. 55(1), pages 91-111, April.
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