UM  > Faculty of Social Sciences
Residential Collegefalse
Status已發表Published
Contests with Sequential Entry and Incomplete Information
Deng, Shanglyu1; Fu, Qiang2; Wu, Zenan3; Zhu, Yuxuan3
2024-05
Source PublicationTheoretical Economics
ABS Journal Level4
ISSN1933-6837
Volume19Issue:2Pages:705-742
Abstract

This paper provides a general study of a contest modeled as a multiplayer incomplete-information, all-pay auction with sequential entry. The contest consists of multiple periods. Players arrive and exert efforts sequentially to compete for a prize. They observe the efforts made by their earlier opponents, but not those of their contemporaneous or future rivals. We establish the existence and uniqueness of a symmetric perfect Bayesian equilibrium (PBE) and fully characterize the equilibrium. Based on the equilibrium result, we show that a later mover always secures a larger ex ante expected payoff. Further, we endogenize the timing of moves and show that all players choose to move in the last period in the unique equilibrium that survives iterated elimination of strictly dominated strategies (IESDS).

KeywordAll-pay Auction C72 Contest With Sequential Entry D43 D44 D82 Endogenous Timing L13 Later-mover Advantage
DOI10.3982/TE5367
URLView the original
Indexed BySSCI
Language英語English
WOS Research AreaBusiness & Economics
WOS SubjectEconomics
WOS IDWOS:001229150200001
PublisherECONOMETRIC SOCIETY, NEW YORK UNIV, DEPT ECONOMICS, 19 W 4 ST, NEW YORK, NY 10012
Scopus ID2-s2.0-85193564996
Fulltext Access
Citation statistics
Document TypeJournal article
CollectionFaculty of Social Sciences
DEPARTMENT OF ECONOMICS
Corresponding AuthorWu, Zenan
Affiliation1.Department of Economics, University of Macau, Macao
2.Department of Strategy and Policy, National University of Singapore, Singapore
3.School of Economics, Peking University, China
First Author AffilicationUniversity of Macau
Recommended Citation
GB/T 7714
Deng, Shanglyu,Fu, Qiang,Wu, Zenan,et al. Contests with Sequential Entry and Incomplete Information[J]. Theoretical Economics, 2024, 19(2), 705-742.
APA Deng, Shanglyu., Fu, Qiang., Wu, Zenan., & Zhu, Yuxuan (2024). Contests with Sequential Entry and Incomplete Information. Theoretical Economics, 19(2), 705-742.
MLA Deng, Shanglyu,et al."Contests with Sequential Entry and Incomplete Information".Theoretical Economics 19.2(2024):705-742.
Files in This Item: Download All
File Name/Size Publications Version Access License
5367-37130-1-FC.pdf(1432KB)期刊论文作者接受稿开放获取CC BY-NC-SAView Download
Related Services
Recommend this item
Bookmark
Usage statistics
Export to Endnote
Google Scholar
Similar articles in Google Scholar
[Deng, Shanglyu]'s Articles
[Fu, Qiang]'s Articles
[Wu, Zenan]'s Articles
Baidu academic
Similar articles in Baidu academic
[Deng, Shanglyu]'s Articles
[Fu, Qiang]'s Articles
[Wu, Zenan]'s Articles
Bing Scholar
Similar articles in Bing Scholar
[Deng, Shanglyu]'s Articles
[Fu, Qiang]'s Articles
[Wu, Zenan]'s Articles
Terms of Use
No data!
Social Bookmark/Share
File name: 5367-37130-1-FC.pdf
Format: Adobe PDF
All comments (0)
No comment.
 

Items in the repository are protected by copyright, with all rights reserved, unless otherwise indicated.