Delay in Contests

16 Pages Posted: 4 Apr 2003  

Helmut Bester

Free University of Berlin (FUB) - Division of Economics; Centre for Economic Policy Research (CEPR)

Kai A. Konrad

Max Planck Institute for Tax Law and Public Finance; Centre for Economic Policy Research (CEPR); CESifo (Center for Economic Studies and Ifo Institute for Economic Research); IZA Institute of Labor Economics

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

Bester, Helmut and Konrad, Kai A., Delay in Contests (February 2003). CEPR Discussion Paper No. 3784. Available at SSRN: https://ssrn.com/abstract=393045

Helmut Bester (Contact Author)

Free University of Berlin (FUB) - Division of Economics ( email )

Boltzmannstr. 20
Berlin 14195, 14195
Germany
+49 30 838 55257 (Phone)
+49 30 838 54142 (Fax)

Centre for Economic Policy Research (CEPR)

77 Bastwick Street
London, EC1V 3PZ
United Kingdom

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

Centre for Economic Policy Research (CEPR)

90-98 Goswell Road
London, EC1V 7RR
United Kingdom

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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