English
 
Help Privacy Policy Disclaimer
  Advanced SearchBrowse

Item

ITEM ACTIONSEXPORT
  The dynamics of majoritarian Blotto games

Klumpp, T., Konrad, K. A., & Solomon, A. (2019). The dynamics of majoritarian Blotto games. Games and Economic Behavior, 117, 402-419. doi:10.1016/j.geb.2019.07.004.

Item is

Files

show Files

Locators

show

Creators

show
hide
 Creators:
Klumpp, Tilmann1, Author
Konrad, Kai A.2, Author           
Solomon, Adam1, Author
Affiliations:
1External Organizations, ou_persistent22              
2Public Economics, MPI for Tax Law and Public Finance, Max Planck Society, ou_830552              

Content

show
hide
Free keywords: Blotto games, Dynamic battles, Multi-battle contest, All-pay auctions, Sequential elections
 Abstract: We study Colonel Blotto games with sequential battles and a majoritarian objective. For a large class of contest success functions, the equilibrium is unique and characterized by an even split: Each battle that is reached before one of the players wins a majority of battles is allocated the same amount of resources from the player's overall budget. As a consequence, a player's chance of winning any particular battle is independent of the battlefield and of the number of victories and losses the player has accumulated in prior battles. This result is in stark contrast to equilibrium behavior in sequential contests that do not involve either fixed budgets or a majoritarian objective. We also consider the equilibrium choice of an overall budget. For many contest success functions, if the sequence of battles is long enough the payoff structure in this extended game resembles an all-pay auction without noise.

Details

show
hide
Language(s): eng - English
 Dates: 2019
 Publication Status: Issued
 Pages: -
 Publishing info: -
 Table of Contents: -
 Rev. Type: -
 Identifiers: DOI: 10.1016/j.geb.2019.07.004
 Degree: -

Event

show

Legal Case

show

Project information

show

Source 1

show
hide
Title: Games and Economic Behavior
Source Genre: Journal
 Creator(s):
Affiliations:
Publ. Info: Amsterdam : North-Holland
Pages: - Volume / Issue: 117 Sequence Number: - Start / End Page: 402 - 419 Identifier: ISSN: 0899-8256
ZDB: 1002944-8
CoNE: https://pure.mpg.de/conejournals/resource/954922649140