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- W2078768819 abstract "We examine players' equilibrium effort levels in a contest with difference-form contest success functions in which two players compete with each other to win a prize. We show the following. At the pure-strategy Nash equilibrium of a simultaneous-move game, and in the subgame-perfect equilibrium of a sequential-move game, only one of the players expends effort or neither player expends effort. If one player's composite strength is far greater than the other player's, only the player with greater composite strength expends effort whether they move simultaneously or sequentially. If the players' valuations for the prize and their marginal probabilities of winning at (0, 0) are sufficiently small, neither player expends effort whether they move simultaneously or sequentially." @default.
- W2078768819 created "2016-06-24" @default.
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- W2078768819 date "1998-11-01" @default.
- W2078768819 modified "2023-10-16" @default.
- W2078768819 title "Difference-form contest success functions and effort levels in contests" @default.
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- W2078768819 doi "https://doi.org/10.1016/s0176-2680(98)00032-9" @default.
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