Commitment in Symmetric Contests
Alex Possajennikov ()
Discussion Papers from University of Nottingham, School of Economics
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.
Keywords: contests; commitment (search for similar items in EconPapers)
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Journal Article: Commitment in symmetric contests (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:not:notecp:08/13
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