Two-Stage Elimination Contests with Endogenous Continuation Values: An Analytical Solution

Rudi Stracke, Rudolf Kerschbamer and Uwe Sunde

No 1220, Economics Working Paper Series from University of St. Gallen, School of Economics and Political Science

Abstract: This paper analyzes a two-stage pairwise elimination contest with heterogeneous agents. It derives analytical expressions for equilibrium efforts in a setting where the two simultaneous stage-1 interactions are linked through endogenously determined continuation values.

Keywords: Multi-Stage Elimination Contest; Heterogeneity; Endogenous Continuation Value (search for similar items in EconPapers)
JEL-codes: C72 D72 J33 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2012-08
New Economics Papers: this item is included in nep-gth
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Persistent link: https://EconPapers.repec.org/RePEc:usg:econwp:2012:20

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