Browsing by Subject "Contest"

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    Fatigue accumulation in dynamic contests
    (Elsevier BV, 2022-02-28) Keskin, K.; Sağlam, Çağrı
    We study a dynamic contest model where efforts exerted in previous periods accumulate as fatigue. As an individual's fatigue level increases, it becomes more costly to exert one unit of effort in the future. This creates a trade-off between exerting high efforts today to collect winning prizes sooner and exerting low efforts today to gain a cost advantage in the future. We characterize the steady state conditions for open-loop equilibrium and analyze equilibrium efforts in the presence of accumulated fatigue.
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    ItemOpen Access
    A territorial conflict: trade-offs and strategies
    (Routledge, 2018) Keskin, K.; Sağlam, Çağrı
    We study a war scenario in which the winner occupies the loser’s territory. Attacking a territory increases the chance of winning, but also causes harm, which in turn decreases the territory’s value (i.e. the reward of winning). This paper highlights the effects of this trade-off on the equilibrium strategies of the warring states in a contest game with endogenous rewards. Providing both static and dynamic models, our analysis captures insights regarding strategic behavior in asymmetric contests with such conflict. © 2017 Informa UK Limited, trading as Taylor & Francis Group