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Rheinische Friedrich-Wilhelms-Universität Bonn >
Bonn Graduate School of Economics (BGSE), Universität Bonn >
Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/22898
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Jost, Peter-Jürgen | | en_US |
| dc.contributor.author | | Kräkel, Matthias | | en_US |
| dc.date.accessioned | | 2009-01-29T15:10:49Z | | - |
| dc.date.available | | 2009-01-29T15:10:49Z | | - |
| dc.date.issued | | 2004 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/22898 | | - |
| dc.description.abstract | | Rank-order tournaments are usually modeled simultaneously. However, real tournaments are often sequential. We show that agents? strategic behavior in sequential-move tournaments significantly differ from the one in simultaneous-move tournaments: In a sequential-move tournament with heterogeneous agents, there may be either a first-mover or a second-mover advantage. Under certain conditions the first acting agent chooses a preemptively high effort so that the following agent gives up. The principal is able to prevent preemptive behavior in equilibrium, but he will not implement first-best efforts although the agents are risk neutral. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | | | en_US |
| dc.relation.ispartofseries | | Bonn econ discussion papers 2004,21 | | en_US |
| dc.subject.jel | | M5 | | en_US |
| dc.subject.jel | | M12 | | en_US |
| dc.subject.jel | | J3 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | preemption | | en_US |
| dc.subject.keyword | | tournaments | | en_US |
| dc.subject.stw | | Agency Theory | | en_US |
| dc.subject.stw | | Wettbewerb | | en_US |
| dc.subject.stw | | Spieltheorie | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.subject.stw | | Tournament | | en_US |
| dc.title | | Preemptive Behavior in Sequential-Move Tournaments with Heterogeneous Agents | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 473006049 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn
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