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Players with fixed resources in elimination tournaments

Matros, A.; (2001) Players with fixed resources in elimination tournaments. (ELSE Working Papers 43). ESRC Centre for Economic Learning and Social Evolution: London, UK. Green open access

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We consider T-round elimination tournaments where players have fixed resources instead of cost functions. We show that players always spend a higher share of their resources in early than in later rounds in a symmetric equilibrium. Equal resource allocation across T rounds takes place only in the winner-take-all case. Applications for career paths, elections, and sports are discussed.

Type: Working / discussion paper
Title: Players with fixed resources in elimination tournaments
Open access status: An open access version is available from UCL Discovery
Publisher version: http://else.econ.ucl.ac.uk/newweb/papers.php#2001
Language: English
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics
URI: https://discovery.ucl.ac.uk/id/eprint/14653
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