Contests with a constrained choice set of effort

C-Tier
Journal: Economics Letters
Year: 2020
Volume: 196
Issue: C

Authors (2)

Klunover, Doron (not in RePEc) Morgan, John

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We consider a symmetric two-player contest, in which the choice set of effort is constrained. We apply a fundamental property of the payoff function to show that, under standard assumptions, there exists a unique Nash equilibrium in pure strategies. It is shown that all equilibria are near the unconstrained equilibrium. Perhaps surprisingly, this is not the case when players have different prize evaluations.

Technical Details

RePEc Handle
repec:eee:ecolet:v:196:y:2020:i:c:s0165176520303402
Journal Field
General
Author Count
2
Added to Database
2026-01-26