Perseverance and suspense in tug-of-war

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buir.contributor.authorKaragözoğlu, Emin
buir.contributor.authorSağlam, Hüseyin Çağrı
buir.contributor.orcidKaragözoğlu, Emin|0000-0003-2442-6949
buir.contributor.orcidSağlam, Hüseyin Çağrı|0000-0002-7123-9575
dc.citation.epage7en_US
dc.citation.spage1en_US
dc.citation.volumeNumber95en_US
dc.contributor.authorKaragözoğlu, Emin
dc.contributor.authorSağlam, Hüseyin Çağrı
dc.contributor.authorTuran, A. R.
dc.date.accessioned2022-02-21T10:47:43Z
dc.date.available2022-02-21T10:47:43Z
dc.date.issued2021-01-06
dc.departmentDepartment of Economicsen_US
dc.description.abstractWe study a tug-of-war game between two players using the lottery contest success function (CSF) and a quadratic cost (of effort) function. We construct a pure strategy symmetric Markov perfect equilibrium of this game, show that it is unique, and provide closed-form solutions for equilibrium strategies and values. In stark contrast to a model of tug-of-war with an all-pay auction CSF, players exert positive efforts until the very last battle in this equilibrium. We deliver a set of empirically appealing results on effort dynamics.en_US
dc.embargo.release2023-01-06
dc.identifier.doi10.1016/j.jmateco.2020.102469en_US
dc.identifier.eissn1873-1538
dc.identifier.issn0304-4068
dc.identifier.urihttp://hdl.handle.net/11693/77538
dc.language.isoEnglishen_US
dc.publisherElsevieren_US
dc.relation.isversionofhttps://doi.org/10.1016/j.jmateco.2020.102469en_US
dc.source.titleJournal of Mathematical Economicsen_US
dc.subjectContestsen_US
dc.subjectDiscouragement effecten_US
dc.subjectLottery contest success functionen_US
dc.subjectPerseveranceen_US
dc.subjectStochastic gamesen_US
dc.subjectTug-of-waren_US
dc.titlePerseverance and suspense in tug-of-waren_US
dc.typeArticleen_US

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