Autor según el artículo: Osório A

Departamento: Economia

Autor/es de la URV: Osório da Costa, António Miguel

Palabras clave: Sabotage Rights Rent-seeking Multi-issue competition Game theory Game Equilibria Electoral competition Effort maximization Contest success functions Contest success function Allocation Agenda

Resumen: © 2018 Walter de Gruyter GmbH, Berlin/Boston. Real life disputes, negotiations and competitive situations involve multi-issue considerations in which the final outcome depends on the aggregated effort over several dimensions. We consider two allocation systems, the I-system, in which each issue is disputed and award independently, and the A-system, in which all issues are aggregate in a single prize award. In the A-system, we propose a contest success function that aggregates the individuals' multi-issue efforts in a single outcome. Among other results, we found that the A-system tends to induce higher total effort than the I-system. The model is also able to reproduce a large set of strategic behaviors. For instance, under decreasing returns to effort, individuals maximize their payoffs by distributing effort over all issues, while under increasing returns to effort, individuals focus on a single issue. Hybrid equilibria, in which one individual focus in a single issue while the other individual diversifies effort over all issues, may also emerge when individuals hold different returns to effort. Strategic behavior is simultaneously influenced by the weight of each issue on the final outcome and by comparative advantages. Throughout the manuscript, we link our results with strategic behavior observed in electoral competition, i.e., issue ownership,issue divergence/convergenceandcommon value issues. We expect that our findings will help researchers and practitioners to better understand the process of endogenous selection of issues in competitive contexts and to provide guidance in the implementation of the optimal allocation mechanism.

Áreas temáticas: General economics,econometrics and finance Economics, econometrics and finance (miscellaneous) Economics, econometrics and finance (all) Economics Ciencias sociales

Acceso a la licencia de uso: https://creativecommons.org/licenses/by/3.0/es/

ISSN: 19351704

Direcció de correo del autor: antonio.osoriodacosta@urv.cat

Identificador del autor: 0000-0003-3376-0164

Fecha de alta del registro: 2023-02-19

Versión del articulo depositado: info:eu-repo/semantics/acceptedVersion

Enlace a la fuente original: https://www.degruyter.com/document/doi/10.1515/bejte-2016-0149/html

URL Documento de licencia: http://repositori.urv.cat/ca/proteccio-de-dades/

Referencia al articulo segun fuente origial: B E Journal Of Theoretical Economics. 18 (2):

Referencia de l'ítem segons les normes APA: Osório A (2018). Conflict and Competition over Multi-Issues.

DOI del artículo: 10.1515/bejte-2016-0149

Entidad: Universitat Rovira i Virgili

Año de publicación de la revista: 2018

Tipo de publicación: Proceedings Paper