Contests over joint production on networks

B-Tier
Journal: Journal of Economics & Management Strategy
Year: 2020
Volume: 29
Issue: 2
Pages: 377-400

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 consider a network of heterogeneous agents where each edge represents a two‐player contest between the respective nodes. In these bilateral contests, agents compete over an endogenous prize jointly produced using their own contest efforts. We provide a necessary and sufficient condition for the existence of Nash equilibrium and characterize the equilibrium total effort for every agent. Our model has insightful results regarding the network type, that is, depending on whether the network is bipartite or nonbipartite. Finally, considering the sum of all expected utilities as an efficiency notion, we investigate the optimal network structure.

Technical Details

RePEc Handle
repec:bla:jemstr:v:29:y:2020:i:2:p:377-400
Journal Field
Industrial Organization
Author Count
3
Added to Database
2026-01-25