Keep on fighting: The dynamics of head starts in all-pay auctions

B-Tier
Journal: Games and Economic Behavior
Year: 2018
Volume: 110
Issue: C
Pages: 258-272

Authors (2)

Clark, Derek J. (not in RePEc) Nilssen, Tore (Universitetet i Oslo)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

We investigate a model of a series of contests in which a contestant's past and present success gives a head start over a rival in the future. How this advantage from winning affects contestants' efforts, whether the laggard gives up or keeps on fighting, and how the head start develops over time, are key issues. We find that the expected effort of the laggard will always be higher than the rival at some stage in the series of contests, and this is most likely to happen when at a large disadvantage or at a late stage in the series.

Technical Details

RePEc Handle
repec:eee:gamebe:v:110:y:2018:i:c:p:258-272
Journal Field
Theory
Author Count
2
Added to Database
2026-01-26