Konrad, Kai A.
(2012):
Dynamic contests and the discouragement effect.
In: Revue d'Economie Politique, Bd. 122, Nr. 2: S. 233-256
Externer Volltext: http://www.cairn.info/resume.php?ID_ARTICLE=REDP_218_0233
Abstract
Considering several main types of dynamic contests (the race, the tug-of-war, elimination contests and iterated incumbency fights) we identify a common pattern: the discouragement effect. This effect explains why the sum of rent-seeking efforts often falls considerably short of the prize that is at stake. It may cause violent conflict in early rounds, but may also lead to long periods of peaceful interaction.
| Dokumententyp: | Zeitschriftenartikel |
|---|---|
| Publikationsform: | Publisher's Version |
| Keywords: | dynamic contest; discouragement; tournament; repeated fighting |
| Fakultät: | Volkswirtschaft
Volkswirtschaft > Lehrstühle > MPI für Steuerrecht und Öffentliche Finanzen |
| Themengebiete: | 300 Sozialwissenschaften > 330 Wirtschaft |
| ISSN: | 0373-2630 |
| Sprache: | Englisch |
| Dokumenten ID: | 22073 |
| Datum der Veröffentlichung auf Open Access LMU: | 08. Dez. 2014, 14:08 |
| Letzte Änderungen: | 03. Mrz. 2017, 10:52 |
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