Two-Stage Elimination Contests with Endogenous Continuation Values: An Analytical Solution
This 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.
|Date of creation:||Aug 2012|
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- Rick Harbaugh & Tilman Klumpp, 2005.
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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.
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