Skip to main content Accessibility help
×
Hostname: page-component-848d4c4894-pjpqr Total loading time: 0 Render date: 2024-07-02T06:42:08.092Z Has data issue: false hasContentIssue false

3 - Equilibrium with Heterogeneous Agents

from Part I - Foundations

Published online by Cambridge University Press:  30 May 2024

Carmen Beviá
Affiliation:
Universidad de Alicante
Luis Corchón
Affiliation:
Universidad Carlos III de Madrid
Get access

Summary

Chapter 3 presents the main results and properties of equilibria in contests with heterogeneous contestants. This heterogeneity may be caused by different valuations of the prize, different costs of effort, or efforts being asymmetrically treated in the CSF. In the presence of such heterogeneities, it is shown that some contestants may remain inactive in equilibrium. The chapter concludes with an overview of the empirical estimations of CSFs that can be found in the literature, drawing data from various sources such as real or virtual battlefields and laboratory-generated data.

Type
Chapter
Information
Contests
Theory and Applications
, pp. 31 - 49
Publisher: Cambridge University Press
Print publication year: 2024

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×