G2TT
来源类型Discussion paper
规范类型论文
来源IDDP10274
DP10274 First-Mover Advantage in Round-Robin Tournaments
Aner Sela; Reut Megidish
发表日期2014-11-30
出版年2014
语种英语
摘要We study round-robin tournaments with one prize and four symmetric players. There are three rounds, each of which includes two sequential matches where each player plays against a different opponent in every round. Each pair-wise match is modelled as an all-pay auction. We characterize the sub-game perfect equilibrium and show that a player who plays in the first match of each of the first two rounds has a first-mover advantage as reflected by a significantly higher winning probability as well as a significantly higher expected payoff than his opponents. Therefore, if the contest designer wishes to sustain the fair play principle he has to schedule all the matches in each round at the same time in order to obstruct a meaningful advantage to one of the players.
主题Industrial Organization
关键词All-pay contests Round-robin tournaments
URLhttps://cepr.org/publications/dp10274
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/539106
推荐引用方式
GB/T 7714
Aner Sela,Reut Megidish. DP10274 First-Mover Advantage in Round-Robin Tournaments. 2014.
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