Delay in contests
AbstractWhy is there delay in contests? In this paper we follow and extend the line of reasoning of Carl von Clausewitz to explain delay. For a given contest technology, delay may occur if there is an asymmetry between defense and attack, if the expected change in relative strengths is moderate, and if the additional cost of investment in future strength is low. -- In Konfliktsituationen findet der âshowdownâ hÃ¤ufig mit einer VerzÃ¶gerung statt. Das ist Ã¼berraschend, weil sich mit der VerzÃ¶gerung die Konfliktsituation bestenfalls fÃ¼r einen der beiden Kontrahenten verbessern kann. Derjenige, dessen Position im Konflikt sich verschlechtert, sollte eigentlich auf eine schnelle KonfliktlÃ¶sung drÃ¤ngen. Carl von Clausewitz erklÃ¤rte die mÃ¶gliche VerzÃ¶gerung aus der Vorteilhaftigkeit der Defensive: wer eine schnelle KonfliktlÃ¶sung erzwingen will, muss in die Offensive. Wir bestÃ¤tigen diese Einsicht von Clausewitz in einer formalen Analyse. Die Analyse ergibt ferner, dass auch ein schwacher Gegner zum Angreifer werden kann, wenn sich seine Position im Zeitablauf erheblich verschlechtert, und zeigt, dass zukÃ¼nftige Kosten der Konfliktvorbereitung eher eine frÃ¼he KonfliktlÃ¶sung begÃ¼nstigen.
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Bibliographic InfoArticle provided by Elsevier in its journal European Economic Review.
Volume (Year): 48 (2004)
Issue (Month): 5 (October)
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Web page: http://www.elsevier.com/locate/eer
Other versions of this item:
- Bester, Helmut & Konrad, Kai A., 2002. "Delay in contests," Discussion Papers, Research Unit: Market Processes and Governance FS IV 02-20, Social Science Research Center Berlin (WZB).
- Bester, Helmut & Konrad, Kai A, 2003. "Delay in Contests," CEPR Discussion Papers 3784, C.E.P.R. Discussion Papers.
- B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
- D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances
- H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
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