Chaotic Dynamics in Contests

Karl Wärneryd

No 2016:4, SSE Working Paper Series in Economics from Stockholm School of Economics

Abstract: Under a myopic best-reply dynamic, efforts in repeated contests may exhibit chaotic behavior. This may help explain, e.g., why experimental data often show nonconvergence to one-shot equilibrium efforts.

Keywords: Contests; dynamics; chaos (search for similar items in EconPapers)
JEL-codes: C61 C72 D72 D74 D83 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2016-09-16
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: CHAOTIC DYNAMICS IN CONTESTS (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:hastec:2016_004

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