Commitment in symmetric contests
Alex Possajennikov ()
Economics Bulletin, 2009, vol. 29, issue 1, 375-383
The paper proves that in two-player logit form symmetric contests with concave success function, commitment to a particular strategy does not increase a player's payoff, while in contests with more than two players it does. The paper also provides a contest-like game in which commitment does not increase a player''s payoff for any number of players.
JEL-codes: C7 D7 (search for similar items in EconPapers)
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Working Paper: Commitment in Symmetric Contests (2008)
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