A contest success function for networks

Irem Bozbay, Alberto Vesperoni

Research output: Contribution to journalArticlepeer-review

11 Citations (Scopus)
120 Downloads (Pure)

Abstract

This paper models conflict as a contest within a network of friendships and enmities. We assume that each player is either in a friendly or in an antagonistic relation with every other player and players compete for winning by exerting costly efforts. We axiomatically characterize a success function which determines the win probability of each player given the efforts and the network of relations. In an extension, we allow for varying intensities of friendships and enmities. This framework allows for the study of strategic incentives and friendship formation under conflict as well as the application of stability concepts of network theory to contests.
Original languageEnglish
Pages (from-to)404-422
JournalJournal of Economic Behavior and Organization
Volume150
Early online date31 Jan 2018
DOIs
Publication statusPublished - 1 Jun 2018

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