Gambling in contests with heterogeneous loss constraints

Christian Seel

Economics Letters, 2015, vol. 136, issue C, 154-157

Abstract: I study the impact of asymmetric loss constraints on risk-taking behavior in the contest model of Seel and Strack (2013). I derive the unique Nash equilibrium outcome, the equilibrium payoffs and comparative statics about the bankruptcy risk.

Keywords: Contest; Risk-taking; Credit line (search for similar items in EconPapers)
JEL-codes: C72 C73 D81 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:136:y:2015:i:c:p:154-157

DOI: 10.1016/j.econlet.2015.09.002

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