Dynamic Contests
WZB Markets and Politics Working Paper No. SP II 2010-10
24 Pages Posted: 25 Oct 2010
Date Written: October 22, 2010
Abstract
Considering several main types of dynamic contests (the race, the tug-of-war, elimination contests and iterated incumbency fights) we identify a common pattern: the discouragement effect. This effect explains why the sum of rentseeking efforts often falls considerably short of the prize that is at stake. It may cause violent conflict in early rounds, but may also lead to long periods of peaceful interaction.
Keywords: Contest, dynamic conflict, discouragement effect, race, tug-of-war, elimination contest, iterated incumbency fight
JEL Classification: D71, D74
Suggested Citation: Suggested Citation
Do you have a job opening that you would like to promote on SSRN?
Recommended Papers
-
The Generalized Stackelberg Equilibrium of the All-Pay Auction with Complete Information
By Kai A. Konrad and Wolfgang Leininger
-
The Alliance Formation Puzzle and Capacity Constraints
By Kai A. Konrad and Dan Kovenock
-
The Alliance Formation Puzzle and Capacity Constraints
By Kai A. Konrad and Dan Kovenock
-
Self-Enforcing Norms and the Efficient Non-Cooperative Organization of Clans
By Kai A. Konrad and Wolfgang Leininger
-
Self-Enforcing Norms and the Efficient Non-Cooperative Organization of Clans
By Kai A. Konrad and Wolfgang Leininger
-
By Kai A. Konrad and Dan Kovenock
-
'Where Ignorance is Bliss, 'Tis Folly to Be Wise': Transparency in Contests
By Philipp Denter, John Morgan, ...