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7 - Dynamic Contests

from Part II - Extensions

Published online by Cambridge University Press:  30 May 2024

Carmen Beviá  and
Luis Corchón
Carmen Beviá
Affiliation:
Universidad de Alicante
Luis Corchón
Affiliation:
Universidad Carlos III de Madrid
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Summary

Chapter 7 explores contests that occur in stages, as opposed to the one-shot contests analyzed in previous chapters. Examples of one-shot contests include decisive battles in war and final matches in sports. However, some contests are inherently dynamic, such as lengthy wars, electoral competitions, patent races, sports leagues, and advertising campaigns. Dynamic contest theory is still a developing field, and this chapter focuses on analyzing specific examples of dynamic contests, including Endogenous Timing Contests (where contestants choose when to compete), Elimination Contests (where contestants compete and the winner advances to the next stage), Races (where the first contestant to achieve a certain number of victories wins), Contests with Investments (where current efforts impact future outcomes), and Repeated Contests (where contestants compete repeatedly in the same contest).

Keywords

dynamic contestssequential movestiming choiceelimination tournamentslarge first-place prizesracesmultistage contestsdiscouragement effectinvestmentevolution of strengthssubgame perfection
Type
Chapter
Information
Contests
Theory and Applications
 , pp. 95 - 116
Publisher: Cambridge University Press
Print publication year: 2024

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