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Commitment in symmetric contests

Author

Listed:
  • Alex Possajennikov

    () (University of Nottingham)

Abstract

The paper proves that in two-player logit form symmetric contests with concave success function, commitment to a particular strategy does not increase a player's payoff, while in contests with more than two players it does. The paper also provides a contest-like game in which commitment does not increase a player''s payoff for any number of players.

Suggested Citation

  • Alex Possajennikov, 2009. "Commitment in symmetric contests," Economics Bulletin, AccessEcon, vol. 29(1), pages 375-383.
  • Handle: RePEc:ebl:ecbull:eb-08c70062
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2009/Volume29/EB-09-V29-I1-P39.pdf
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    References listed on IDEAS

    as
    1. Onsong Shin & Michael R. Baye, 1999. "Strategic Behavior in Contests: Comment," American Economic Review, American Economic Association, vol. 89(3), pages 691-693, June.
    2. Alex Possajennikov, 2008. "On the Survival of Payoff Maximizing Behavior and Delegation in Contests," Discussion Papers 2008-15, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    3. Vickers, John, 1985. "Delegation and the Theory of the Firm," Economic Journal, Royal Economic Society, vol. 95(380a), pages 138-147, Supplemen.
    4. Dixit, Avinash K, 1987. "Strategic Behavior in Contests," American Economic Review, American Economic Association, vol. 77(5), pages 891-898, December.
    5. Matthias Kräkel, 2002. "Delegation and strategic incentives for managers in contests," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 23(8), pages 461-470.
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    Cited by:

    1. Possajennikov Alex, 2010. "On Delegation in Contests and the Survival of Payoff Maximizing Behavior," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 10(1), pages 1-13, June.

    More about this item

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D7 - Microeconomics - - Analysis of Collective Decision-Making

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