TITLE

Contests with productive effort

AUTHOR(S)
Siegel, Ron
PUB. DATE
August 2014
SOURCE
International Journal of Game Theory;Aug2014, Vol. 43 Issue 3, p515
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
I consider competitions in which, conditional on winning or losing, the effort exerted by a competitor does not necessarily decrease his payoff. This happens, for example, in competitions for promotions in which workers are intrinsically motivated, and in research and development races in which better performance implies a higher payoff from winning. I characterize players' equilibrium payoffs in closed form, thereby generalizing Siegel (Econometrica 77(1):71-92, ) payoff result to contests in which players' payoff functions are non-monotonic.
ACCESSION #
96927598

 

Related Articles

  • Spatial competition and collaboration networks. Okumura, Yasunori // International Journal of Game Theory;Aug2012, Vol. 41 Issue 3, p455 

    We model the formation of collaboration networks among firms that are located in a circular city as a two-stage game. In the first stage, the firms form collaboration links, and in the second stage, they engage in price competition. If two firms form a link, their production costs in the second...

  • The closedness of the free-disposal hull of a production set. Horsley, Anthony; Wrobel, Andrzej J. // Economic Theory;1991, Vol. 1 Issue 4, p386 

    Assume that L is a topological vector lattice and Y is a closed subset of L+ × RN, where RN denotes the N-dimensional Euclidean space. It is shown that the set Y - L+ × R+N is closed if Y has appropriate monotonicity properties. The result is applicable to the case of L equal to L∞...

  • Investigating the Effect of Customer Loyalty on Sustained Organizational Growth -- A Case of Indian Micro, Small & Medium Enterprises. Rai, Alok Kumar; Srivastava, Medha // International Journal of Global Management;Aug2011, Vol. 2 Issue 1, p14 

    The MSME sector has been accepted as the engine of sustained economic growth and productivity worldwide. It holds a special significance for a country like India in terms of providing economic stability, augmenting the revenues and increasing the competitiveness of the country in global markets....

  • Trust, Personal Moral Codes, and the Resource-Advantage Theory of Competition: Explaining Productivity, Economic Growth, and Wealth Creation. Hunt, Shelby D. // Contemporary Economics;2012, Vol. 6 Issue 2, p4 

    Scholars agree that societal-level moral codes that promote social trust also promote wealth creation. However, what specific kinds of societal-level moral codes promote social trust? Also, by what specific kind of competitive process does social trust promote wealth creation? Because...

  • Competitive Delivered Spatial Pricing. Lederer, Phillip // Networks & Spatial Economics;Dec2003, Vol. 3 Issue 4, p421 

    This paper contributes to the literature by studying price and production competition between spatially distributed profit maximizing firms. Firms compete by setting delivered prices, planning production, and sending output to each market. Both elastic demand and non-linear production costs are...

  • THE OKUN'S LAW AND THE CHAOTIC UNEMPLOYMENT RATE GROWTH MODEL: G7. JABLANOVIC, Vesna // Hyperion International Journal of Econophysics & New Economy;2014, Vol. 7 Issue 1, p77 

    The basic aim of this analysis is to set up a relatively simple chaotic unemployment rate growth model that is capable of generating stable equilibria, cycles, or chaos. This paper analyzes the local growth stability of unemployment rate in the G7 countries in the period 1990-2013. (www.imf.org)...

  • Supply chain network sustainability under competition and frequencies of activities from production to distribution. Nagurney, Anna; Yu, Min; Floden, Jonas // Computational Management Science;Dec2013, Vol. 10 Issue 4, p397 

    In this paper, we develop a competitive supply chain network model with multiple firms, each of which produces a differentiated product by brand and weights the emissions that it generates through its supply chain network activities in an individual way. The supply chain network activities of...

  • Existence of Edgeworth and competitive equilibria and fuzzy cores in coalition production economies. Liu, Jiuqiang; Liu, Xiaodong // International Journal of Game Theory;Nov2014, Vol. 43 Issue 4, p975 

    Debreu and Scarf (Int Econ Rev 4:235-246, ) proved that for an exchange economy or a production economy with the same production set for all coalitions, under some standard assumptions, an Edgeworth equilibrium is a competitive equilibrium, and Florenzano (J Math Anal Appl 153:18-36, ) proved...

  • BIASED TECHNICAL PROGRESS AND A NEOCLASSICAL THEORY OF ECONOMIC GROWTH. Amano, Akihibo // Quarterly Journal of Economics;Feb64, Vol. 78 Issue 1, p129 

    The article focuses on the nature of technological progress in neoclassical growth models and investigates its effects on certain class of economic variables. To distinguish clearly between different types of technological improvements according to their effects on a certain class of variables...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics