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Endogenous Timing in Contests with Group-Specific Public-Goods Prizes
Korea Institute for Defense Analyses, Seoul, South Korea
- 1 Korea Institute for Defense Analyses, Seoul, South Korea
Theoretical Economics Letters·Volume 07 (2017)·Pages 1660–1666·Published 8 September 2017·DOI10.4236/tel.2017.76112
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Abstract
I analyze the two-group contest with the group-specific public-goods prize when each player decides on the timing of their moves endogenously and individually. Unlike the previous papers, I show that free riders suffer a damage in the endogenous-timing framework because the decision on the endogenous timing adversely affects the behavior of free riders, by making them more egotistical.
KeywordsGroup-Specific Public-Goods PrizeEndogenous TimingFree-Rider Problem
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