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Delay in Contests

  • Bester, Helmut
  • Konrad, Kai A.

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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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 3784.

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Date of creation: Feb 2003
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Handle: RePEc:cpr:ceprdp:3784
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  1. Stergios Skaperdas, 1996. "Contest success functions (*)," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(2), pages 283-290.
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