Strategy and Dynamics in Contests

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ID: 298942
2009
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Abstract
Abstract This book describes the theory structure underlying contests, in which players expend effort and/or spend money in trying to get ahead of one another. Uniquely, this effort is sunk and cannot be recovered, regardless of whether a player wins or loses in the competition. Such interactions include diverse phenomena such as marketing and advertising by firms, litigation, relative reward schemes in firms, political competition, patent races, sports, military combat, war and civil war. These have been studied in the field of contest theory both within these specific contexts and at a higher level of abstraction. The purpose of this book is to describe the fundamental common properties of these types of interactions and to uncover some common properties or laws that govern them. The book begins by describing the properties of static contests and tournaments. Aspects such as timing, entry, sabotage and delegation are added and contest design issues such as the admission or exclusion of players and the structure of prizes are discussed. Further, structures are analysed in which players interact repeatedly in the same or different contest environments. Examples are inter-group conflict followed by intra-group rivalry, elimination tournaments and other dynamic contest structures.
Reference Key
openalex_W99529319 Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Kai A. Konrad
Journal Oxford University Press eBooks
Year 2009
DOI
10.1093/oso/9780199549597.001.0001
URL
https://doi.org/10.1093/oso/9780199549597.001.0001
Keywords Keywords not found

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