CHAOTIC DYNAMICS IN CONTESTS

Karl Wärneryd

Economic Inquiry, 2018, vol. 56, issue 3, 1486-1491

Abstract: Under a myopic best‐reply dynamic, efforts in repeated contests may exhibit chaotic behavior. This may help explain, for example, why experimental data often show nonconvergence to one‐shot equilibrium efforts. (JEL C61, C72, D72, D74, D83)

Date: 2018
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https://doi.org/10.1111/ecin.12514

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Working Paper: Chaotic Dynamics in Contests (2016)
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