Delay in contests |
| |
| Authors: | Helmut Bester Kai A Konrad |
| |
| Affiliation: | a Department of Economics, Free University of Berlin, Boltzmannstrasse 20, D-14195 Berlin, Germany
b Wissenschaftszentrum Berlin für Sozialforschung (WZB), Reichpietschufer 50, D-10785 Berlin, Germany |
| |
| Abstract: | Why is there delay in contests? In this paper, we follow and extend the line of reasoning of Carl von Clausewitz to explain delay. For a given contest technology, delay may occur if there is an asymmetry between defense and attack, if the expected change in relative strengths is moderate, and if the additional cost of investment in future strength is low. |
| |
| Keywords: | B31 D74 H77 |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
