TITLE:
Endogenous Timing in Contests with Group-Specific Public-Goods Prizes
AUTHORS:
Jong Hwa Lee
KEYWORDS:
Group-Specific Public-Goods Prize, Endogenous Timing, Free-Rider Problem
JOURNAL NAME:
Theoretical Economics Letters,
Vol.7 No.6,
September
29,
2017
ABSTRACT: I analyze the two-group contest with the
group-specific public-goods prize when each player decides on the timing of
their moves endogenously and individually. Unlike the previous papers, I show
that free riders suffer a damage in the endogenous-timing framework because the
decision on the endogenous timing adversely affects the behavior of free
riders, by making them more egotistical.