A strategic (round-robin) tournament is a simultaneous n-player game built on top of a symmetric two-player game G. Each player chooses one action in G and is matched to play G against all other players. The winner of the tournament is the player who achieves the highest total G-payoff. The tournament has several interpretations as an evolutionary model, as a model of social interaction, and as a model of competition between firms with procedurally rational consumers. We prove some general properties of the model and explore the intuition that a tournament encourages riskier behavior
(This abstract was borrowed from another version of this item.)
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.:
- Green, Jerry R & Stokey, Nancy L, 1983.
"A Comparison of Tournaments and Contracts,"
Journal of Political Economy,
University of Chicago Press, vol. 91(3), pages 349-364, June.
- Jerry R. Green & Nancy L. Stokey, 1982. "A Comparison of Tournaments and Contracts," NBER Working Papers 0840, National Bureau of Economic Research, Inc.
- Green, Jerry & Stokey, Nancy, 1983. "A Comparison of Tournaments and Contracts," Scholarly Articles 3203644, Harvard University Department of Economics.
- Edward P. Lazear & Sherwin Rosen, 1979.
"Rank-Order Tournaments as Optimum Labor Contracts,"
NBER Working Papers
0401, National Bureau of Economic Research, Inc.
- Konrad, Kai A., 2009. "Strategy and Dynamics in Contests," OUP Catalogue, Oxford University Press, number 9780199549603, December.
- Gilbert Laffond & Jean-François Laslier & Michel Breton, 2000.
"K–Player Additive Extension of Two-Player games with an Application to the Borda Electoral Competition Game,"
Theory and Decision,
Springer, vol. 48(2), pages 129-137, March.
- Laffond, G. & Laslier, J.F. & LeBreton, M., 1995. "K-Players Additive Extensions of Two-player Games with an Application to the Borda Electoral Competition Game," G.R.E.Q.A.M. 95a17, Universite Aix-Marseille III.
- Arad Ayala, 2012. "The Tennis Coach Problem: A Game-Theoretic and Experimental Study," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 12(1), pages 1-43, April.
- Dekel, E. & Scotchmer, S., 1999.
"On the Evolution of Attitudes Towards Risk in Winner-Take-All Games,"
4-99, Tel Aviv.
- Dekel, Eddie & Scotchmer, Suzanne, 1999. "On the Evolution of Attitudes towards Risk in Winner-Take-All Games," Journal of Economic Theory, Elsevier, vol. 87(1), pages 125-143, July.
- Dixit, Avinash K, 1987. "Strategic Behavior in Contests," American Economic Review, American Economic Association, vol. 77(5), pages 891-98, December.
- Groh, Christian & Moldovanu, Benny & Sela, Aner & Sunde, Uwe, 2003.
"Optimal Seedings in Elimination Tournaments,"
Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems
140, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
When requesting a correction, please mention this item's handle: RePEc:cla:levrem:786969000000000438. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (David K. Levine)
If references are entirely missing, you can add them using this form.