Delay in Contests
16 Pages Posted: 4 Apr 2003
Date Written: February 2003
Abstract
Why is there delay in contests? In this Paper we follow and extend the line of reasoning of Carl von Clausewitz to explain delay. For a given contest technology, delay may occur if there is an asymmetry between defense and attack, if the expected change in relative strengths is moderate, and if the additional cost of investment in future strength is low.
Keywords: Delay, contest, conflict
JEL Classification: B31, D74, H77
Suggested Citation: Suggested Citation
Kai A. Konrad
Max Planck Institute for Tax Law and Public Finance ( email )
Marstallplatz 1
Munich, 80539
Germany
HOME PAGE: http://www.tax.mpg.de/en/pub/home.cfm
CESifo (Center for Economic Studies and Ifo Institute for Economic Research)
Poschinger Str. 5
Munich, 81679
Germany
IZA Institute of Labor Economics
P.O. Box 7240
Bonn, 53072
Germany
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