| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8383 |
| DP8383 Sequential Contests with Synergy and Budget Constraints | |
| Aner Sela; Reut Megidish | |
| 发表日期 | 2011-05-30 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | We study a sequential Tullock contest with two stages and two identical prizes. The players compete for one prize in each stage and each player may win either one or two prizes. The players have either decreasing or increasing marginal values for the prizes, which are commonly known, and there is a constraint on the total effort that each player can exert in both stages. We analyze the players' allocations of efforts along both stages when the budget constraints (effort constraints) are either restrictive, nonrestrictive or partially restrictive. We show that when the players are either symmetric or asymmetric and the budget constraints are restrictive, independent of the players' values for the prizes, each player allocates his effort equally along both stages of the contest. |
| 主题 | Industrial Organization |
| 关键词 | Budget constraints Sequential contests Tullock contests |
| URL | https://cepr.org/publications/dp8383 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537231 |
| 推荐引用方式 GB/T 7714 | Aner Sela,Reut Megidish. DP8383 Sequential Contests with Synergy and Budget Constraints. 2011. |
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