Two-Stage Elimination Contests with Endogenous Continuation Values: An Analytical Solution
AbstractThis paper analyzes a two-stage pairwise elimination contest with heterogeneous agents. It derives analytical expressions for equilibrium efforts in a setting where the two simultaneous stage-1 interactions are linked through endogenously determined continuation values.
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Bibliographic InfoPaper provided by University of St. Gallen, School of Economics and Political Science in its series Economics Working Paper Series with number 1220.
Length: 11 pages
Date of creation: Aug 2012
Date of revision:
Multi-Stage Elimination Contest; Heterogeneity; Endogenous Continuation Value;
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- Jennifer Brown & Dylan B. Minor, 2011. "Selecting the Best? Spillover and Shadows in Elimination Tournaments," NBER Working Papers 17639, National Bureau of Economic Research, Inc.
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NBER Working Papers
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2004-09, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
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Keele Economics Research Papers
KERP 2002/22, Centre for Economic Research, Keele University.
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