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Delay in contests

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  • Bester, Helmut
  • Konrad, Kai A.

Abstract

Why 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.

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File URL: http://www.sciencedirect.com/science/article/B6V64-48XD7KY-1/2/b5608918d88e58202993410b36163bb0
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Bibliographic Info

Article provided by Elsevier in its journal European Economic Review.

Volume (Year): 48 (2004)
Issue (Month): 5 (October)
Pages: 1169-1178

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Handle: RePEc:eee:eecrev:v:48:y:2004:i:5:p:1169-1178

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References

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  1. Hamilton, J.H. & Slutsky, S.M., 1988. "Endogenous Timing In Duopoly Games: Stackelberg Or Cournot Equilibria," Papers 88-4, Florida - College of Business Administration.
  2. Stergios Skaperdas, 1996. "Contest success functions (*)," Economic Theory, Springer, vol. 7(2), pages 283-290.
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  6. Jehiel, Philippe & Benny Moldovanu, 1993. "Cyclical Delay in Bargaining with "Externalities"," Discussion Paper Serie B 234, University of Bonn, Germany.
  7. Bliss, Christopher & Nalebuff, Barry, 1984. "Dragon-slaying and ballroom dancing: The private supply of a public good," Journal of Public Economics, Elsevier, vol. 25(1-2), pages 1-12, November.
  8. Gale, D. & Chamley, C., 1992. "Information Revelation and Strategic Delay in a Model of Investment," Papers 10, Boston University - Department of Economics.
  9. Jehiel, Philippe & Moldovanu, Benny, 1995. "Negative Externalities May Cause Delay in Negotiation," Econometrica, Econometric Society, vol. 63(6), pages 1321-35, November.
  10. Admati, Anat R & Perry, Motty, 1987. "Strategic Delay in Bargaining," Review of Economic Studies, Wiley Blackwell, vol. 54(3), pages 345-64, July.
  11. Baye, Michael R. & Hoppe, Heidrun C., 2003. "The strategic equivalence of rent-seeking, innovation, and patent-race games," Games and Economic Behavior, Elsevier, vol. 44(2), pages 217-226, August.
  12. Kathryn E. Spier, 1994. "Pretrial Bargaining and the Design of Fee-Shifting Rules," RAND Journal of Economics, The RAND Corporation, vol. 25(2), pages 197-214, Summer.
  13. Constantinos Syropoulos, 1994. "Endogenous Timing in Games of Commercial Policy," Canadian Journal of Economics, Canadian Economics Association, vol. 27(4), pages 847-64, November.
  14. Sakovics Jozsef, 1993. "Delay in Bargaining Games with Complete Information," Journal of Economic Theory, Elsevier, vol. 59(1), pages 78-95, February.
  15. Mortensen, Dale T, 1982. "Property Rights and Efficiency in Mating, Racing, and Related Games," American Economic Review, American Economic Association, vol. 72(5), pages 968-79, December.
  16. McDonald, Robert & Siegel, Daniel, 1986. "The Value of Waiting to Invest," The Quarterly Journal of Economics, MIT Press, vol. 101(4), pages 707-27, November.
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Citations

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Cited by:
  1. Midlarsky Manus I. & Midlarsky Elizabeth R., 2013. "When the Weak Roar: Understanding Protracted Intrastate Conflict," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 19(3), pages 321-331, December.
  2. Bester, Helmut & Konrad, Kai A., 2003. "Easy targets and the timing of conflict," Center for European, Governance and Economic Development Research Discussion Papers 21, University of Goettingen, Department of Economics.
  3. Stergios Skaperdas, 2006. "Bargaining Versus Fighting," Defence and Peace Economics, Taylor & Francis Journals, vol. 17(6), pages 657-676.
  4. Roland Hodler & Hadi Yektas, 2013. "Wars of Conquest and Independence," CESifo Working Paper Series 4282, CESifo Group Munich.
  5. Bester, Helmut & Konrad, Kai A., 2003. "Easy targets and the timing of conflict," Center for European, Governance and Economic Development Research Discussion Papers 21, University of Goettingen, Department of Economics.
  6. Kai A. Konrad & Stergios Skaperdas, 2005. "Succession Rules and Leadership Rents," CESifo Working Paper Series 1534, CESifo Group Munich.
  7. Michael McBride & Stergios Skaperdas, 2009. "Conflict, Settlement, and the Shadow of the Future," Working Papers 080922, University of California-Irvine, Department of Economics.
  8. E. Feess & Gerd Muehlheusser & M. Walzl, 2008. "Unfair contests," Journal of Economics, Springer, vol. 93(3), pages 267-291, 04.
  9. Michelle R. Garfinkel & Stergios Skaperdas, 2006. "Economics of Conflict: An Overview," Working Papers 050623, University of California-Irvine, Department of Economics, revised Sep 2006.
  10. Mattias Polborn & Zaruhi Sahakyan, 2007. "Dynamic Lobbying Conflicts," Economics of Governance, Springer, vol. 8(3), pages 263-279, May.
  11. Michael McBride & Stergios Skaperdas, 2005. "Explaining Conflict in Low-Income Countries: Incomplete Contracting in the Shadow of the Future," Working Papers 050606, University of California-Irvine, Department of Economics.

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