AbstractContests are games in which the players compete for a valuable prize by exerting effort or using resources so as to increase their probability of winning. This paper examines two player multi-item contests, a class of games in which players are faced with a decision about how much of a given resource to devote to an entire collection or sequence of different contests. Applications include multi-item rent-seeking behavior, multi-good marketing and advertising, multi-jurisdictional political contests. In these games, even when the (uncertain) outcomes in each contest are assumed to be mutually statistically independent, equilibrium efforts can exhibit strong interdependencies. Changes in either the contest success function or value of the prize in one contest usually alter the equilibrium amount of resources devoted to all contests by both players. We unify and extend results from marketing and political science, and also derive conditions under which both players exert zero effort in equilibrium in some subset of contests.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Australian National University, College of Business and Economics, School of Economics in its series ANU Working Papers in Economics and Econometrics with number 2005-446.
Length: 27 pages
Date of creation: Feb 2005
Date of revision:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Skaperdas, Stergios & Syropoulos, Constantinos, 1998.
"Complementarity in contests,"
European Journal of Political Economy,
Elsevier, vol. 14(4), pages 667-684, November.
- Skaperdas, Stergios, 1996.
"Contest Success Functions,"
Springer, vol. 7(2), pages 283-90, February.
- Dixit, Avinash K, 1987. "Strategic Behavior in Contests," American Economic Review, American Economic Association, vol. 77(5), pages 891-98, December.
- Nti, Kofi O, 1997. "Comparative Statics of Contests and Rent-Seeking Games," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 38(1), pages 43-59, February.
- Snyder, James M, 1989. "Election Goals and the Allocation of Campaign Resources," Econometrica, Econometric Society, vol. 57(3), pages 637-60, May.
- George E. Monahan, 1987. "The Structure of Equilibria in Market Share Attraction Models," Management Science, INFORMS, vol. 33(2), pages 228-243, February.
- Aner Sela & Reut Megidish, 2012. "Sequential Contests With Synergy And Budget Constraints," Working Papers 1212, Ben-Gurion University of the Negev, Department of Economics.
- Megidish, Reut & Sela, Aner, 2011. "Sequential Contests with Synergy and Budget Constraints," CEPR Discussion Papers 8383, C.E.P.R. Discussion Papers.
- Chowdhury, Subhasish & Kovenock, Dan & Sheremeta, Roman, 2011.
"An Experimental Investigation of Colonel Blotto Games,"
46810, University Library of Munich, Germany.
- Subhasish Chowdhury & Dan Kovenock & Roman Sheremeta, 2013. "An experimental investigation of Colonel Blotto games," Economic Theory, Springer, vol. 52(3), pages 833-861, April.
- Subhasish M. Chowdhury & Dan Kovenock J. & Roman M. Sheremeta, 2009. "An Experimental Investigation of Colonel Blotto Games," CESifo Working Paper Series 2688, CESifo Group Munich.
- Chowdhury, Subhasish M. & Kovenock, Dan & Sheremeta, Roman M., 2009. "An experimental investigation of Colonel Blotto games," Discussion Papers, Research Unit: Market Processes and Governance SP II 2009-08, Social Science Research Center Berlin (WZB).
- Osório Costa, Antonio Miguel, 2013.
"The Lottery Blotto Game,"
2072/211806, Universitat Rovira i Virgili, Department of Economics.
- Dan Kovenock & Brian Roberson, 2008.
"Is the 50-State Strategy Optimal?,"
Purdue University Economics Working Papers
1211, Purdue University, Department of Economics.
- Kovenock, Dan & Roberson, Brian, 2008. "Is the 50-state strategy optimal?," Discussion Papers, Research Unit: Market Processes and Governance SP II 2008-16, Social Science Research Center Berlin (WZB).
- Konrad, Kai A., 2007. "Strategy in contests: an introduction," Discussion Papers, Research Unit: Market Processes and Governance SP II 2007-01, Social Science Research Center Berlin (WZB).
- Erez, Eyal & Sela, Aner, 2010. "Round-Robin Tournaments with Effort Constraints," CEPR Discussion Papers 8021, C.E.P.R. Discussion Papers.
- John Duffy & Alexander Matros, 2013. "Stochastic Asymmetric Blotto Games: Theory and Experimental Evidence," Working Papers 509, University of Pittsburgh, Department of Economics, revised Nov 2013.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.