Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7352826 | Games and Economic Behavior | 2018 | 15 Pages |
Abstract
We investigate a model of a series of contests in which a contestant's past and present success gives a head start over a rival in the future. How this advantage from winning affects contestants' efforts, whether the laggard gives up or keeps on fighting, and how the head start develops over time, are key issues. We find that the expected effort of the laggard will always be higher than the rival at some stage in the series of contests, and this is most likely to happen when at a large disadvantage or at a late stage in the series.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Derek J. Clark, Tore Nilssen,