Perseverance and suspense in tug-of-war

B-Tier
Journal: Journal of Mathematical Economics
Year: 2021
Volume: 95
Issue: C

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

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

Abstract

We study a tug-of-war game between two players using the lottery contest success function (CSF) and a quadratic cost (of effort) function. We construct a pure strategy symmetric Markov perfect equilibrium of this game, show that it is unique, and provide closed-form solutions for equilibrium strategies and values. In stark contrast to a model of tug-of-war with an all-pay auction CSF, players exert positive efforts until the very last battle in this equilibrium. We deliver a set of empirically appealing results on effort dynamics.

Technical Details

RePEc Handle
repec:eee:mateco:v:95:y:2021:i:c:s0304406820301464
Journal Field
Theory
Author Count
3
Added to Database
2026-01-25