Contests with three or more heterogeneous agents

B-Tier
Journal: Games and Economic Behavior
Year: 2010
Volume: 68
Issue: 2
Pages: 703-715

Authors (2)

Parreiras, Sérgio O. (not in RePEc) Rubinchik, Anna (University of Haifa)

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 study monotone equilibrium behavior in contests with observable effort (bid) where three or more participants have distinct risk attitudes and the monetary value for the prize of each is drawn independently from a distinct distribution. These differences can either cause a player to drop out, that is always choose zero effort regardless of his valuation, or use "all-or-nothing" strategies with discontinuous effort choice. Neither complete drop-out nor discontinuous bidding with finitely many gaps is consistent with pure strategy monotone Bayesian-Nash equilibrium in a contest with either ex-ante identical players or only two distinct participants.

Technical Details

RePEc Handle
repec:eee:gamebe:v:68:y:2010:i:2:p:703-715
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29