A Tug of War Team Contest

This paper analyzes a tug of war contest between two teams. In each round of the tug of war a pair of agents from the opposing teams competes in a private value all-pay auction with asymmetric type distributions and eort effectiveness. Whichever team arrives first at a given lead in terms of battle victories over the opponent wins the tug of war. There exists a unique Markov-perfect equilibrium in bidding strategies that depend on the player's valuation and on the history through the current state of the tug of war only. We derive rich comparative statics for this equilibrium by using the fact that the states of the tug of war evolve according to a time-homogeneous absorbing Markov chain

Spartan Daily, May 2, 1941

Volume 29, Issue 132https://scholarworks.sjsu.edu/spartandaily/3294/thumbnail.jp

Spartan Daily, April 28, 1937

Volume 25, Issue 122https://scholarworks.sjsu.edu/spartandaily/2606/thumbnail.jp

Dynamic contests

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 rentseeking 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. -- Unter Berücksichtigung verschiedener Haupttypen dynamischer Wettbewerbe (das Wettrennen, das Tauziehen, Ausscheidungskämpfe und wiederholte Kämpfe um Amtszeiten) identifizieren die Autoren ein gemeinsames Muster: den Entmutigungseffekt. Dieser Effekt erklärt, wieso die Rent-seeking-Bemühungen in Summe oft deutlich nicht an den auf dem Spiel stehenden Preis heranreichen. Der Effekt kann heftige Kämpfe in den ersten Runden des Wettbewerbs auslösen, aber auch zu langen Perioden friedlichen Zusammenspiels führen.

Spartan Daily, February 21, 1941

Volume 29, Issue 93https://scholarworks.sjsu.edu/spartandaily/3255/thumbnail.jp

Spartan Daily, February 21, 1941

Volume 29, Issue 93https://scholarworks.sjsu.edu/spartandaily/3255/thumbnail.jp

Spartan Daily, April 27, 1937

Volume 25, Issue 121https://scholarworks.sjsu.edu/spartandaily/2605/thumbnail.jp

Spartan Daily, April 24, 1944

Volume 32, Issue 118https://scholarworks.sjsu.edu/spartandaily/10923/thumbnail.jp

Spartan Daily, April 29, 1937

Volume 25, Issue 123https://scholarworks.sjsu.edu/spartandaily/2607/thumbnail.jp

Spartan Daily, April 29, 1937

Volume 25, Issue 123https://scholarworks.sjsu.edu/spartandaily/2607/thumbnail.jp