Ters Turnuvalar

Abstract

Bu makalede Clark ve Riis (1998b)’in iç içe geçmiş çoködüllü yarışma modelinin dinamik versiyonuna iki alternatif önerilmiştir. İlk olarak, kazananların alacağı ödüllerin sarf edilen yarışma eforları tarafından endojen olarak belirlendiği bir model çalışılmıştır. İkinci olarak, model genişletilerek bir sonsuz ufuk modeli elde edilmiştir. Önerilen modellerin alt-oyun mükemmel Nash dengeleri karakterize edilmiş olup, ilgili denge stratejileri temel alınan modeldeki denge stratejileri ile karşılaştırılmıştır.

Converse Tournaments

Abstract

This paper proposes two alternatives to Clark and Riis (1998b)’s sequential model of nested multipleprize contests. First, we consider winning prizes endogenously determined by exerted contest efforts. Second, we extend the model to infinitehorizon. We characterize the unique subgame perfect Nash equilibrium in both models and compare the equilibrium strategies with those in the original model. 

Keywords

• Converse tournaments,Nested multipleprize contests,Tullock contests,Endogenous prizes,Subgame perfect Nash equilibrium

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