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Commitment in symmetric contests

Alex Possajennikov ()

Economics Bulletin, 2009, vol. 29, issue 1, 375-383

Abstract: 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)
Date: 2009-03-23
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