Dynamic Contests With Bankruptcy: The Despair Effect

DOI10.1515/bejte-2015-0060zbMath1375.91198OpenAlexW3122365408MaRDI QIDQ4588486

Carmen Beviá, Luis C. Corchon

Publication date: 26 October 2017

Published in: The B.E. Journal of Theoretical Economics (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/10016/25156

zbMATH Keywords

bankruptcydynamic contest

Mathematics Subject Classification ID

Noncooperative games (91A10) Special types of economic equilibria (91B52) Mathematical economics (91B99)

Cites Work

• Best-of-three all-pay auctions
• Some curious properties of a familiar model of debt and default
• The optimal multi-stage contest
• Growth in Illyria: the role of meritocracy in the accumulation of human capital
• Incentives versus competitive balance