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Multi-player race
(Elsevier Science Bv, 2018)
We present a model of race with multiple players and study players' effort choices and expected prizes in equilibrium. We show that in equilibrium once any two players win one battle each the remaining players do not exert ...
Investment on human capital in a dynamic contest model
(Walter De Gruyter Gmbh, 2019)
Although most contest games are modeled in such a way that the outcome depends only on the efforts exerted by the contestants what is arguably more important is the contestants' effective efforts which may be influenced ...