Resource allocations in the best-of-k ( $$k=2,3$$ k = 2, 3 ) contests

Aner Sela

Journal of Economics, 2023, vol. 139, issue 3, No 4, 235-260

Abstract: Abstract We study best-of-k ( $$k=2,3$$ k = 2 , 3 ) contests with two players who have heterogeneous resource budgets that decrease within the stages proportionally to the resource allocated in the previous stages such that for each resource unit that a player allocates, he loses $$\alpha$$ α (the fatigue parameter) units of resource from his budget. We first analyze the players’ resource allocations and show that if the resource budget is the same, although the recycled resource is larger in the best-of-three contest than in the best-of-two contest, the total resource allocation in the best-of-two contest with the optimal asymmetric tie-breaking rule might be larger than in the best-of-three contest.

Keywords: Best-of-three contests; Best-of two contests; Tie-breaking rule (search for similar items in EconPapers)
JEL-codes: D44 D72 D82 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s00712-023-00827-w Abstract (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:jeczfn:v:139:y:2023:i:3:d:10.1007_s00712-023-00827-w

DOI: 10.1007/s00712-023-00827-w

Access Statistics for this article

Journal of Economics is currently edited by Giacomo Corneo

More articles in Journal of Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().