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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- Groh, Christian & Moldovanu, Benny & Sela, Aner & Sunde, Uwe, 2012.
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Munich Reprints in Economics
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