TITLE:
Two-Player Lopsided Contests under Different Timing Assumptions
AUTHORS:
Kyung Hwan Baik
KEYWORDS:
Contest; Rent Seeking; Timing Assumptions; Underdog; Favorite
JOURNAL NAME:
Theoretical Economics Letters,
Vol.3 No.5B,
August
30,
2013
ABSTRACT:
I study contests in which two asymmetric
players compete with each other by expending irreversible efforts to win a
prize. I consider three types of games, which are distinguished by their
different timing assumptions: the simultaneous-move game, the sequential-move game,
and the game with endogenous timing. I compare the outcomes obtained under the
different timing assumptions.