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1 results

  • 7 - Dynamic Contests

  • from Part II - Extensions
  • Carmen Beviá, Universidad de Alicante, Luis Corchón, Universidad Carlos III de Madrid
  • Book:
    Contests
    Published online:
    30 May 2024
    Print publication:
    06 June 2024, pp 95-116

  • 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).