Strategic investment decisions in multi-stage contests with heterogeneous players
Bibliographic Data
| ID | 21405362 |
|---|---|
| Authors | Christian Deutscher (0000-0002-3714-3326, Bielefeld University), Marco Sahm (0000-0002-6528-6551, University of Bamberg), Sandra Schneemann (0000-0001-9375-1994, Bielefeld University), Hendrik Sonnabend (0000-0003-0667-8595, FernUniversität in Hagen) |
| Year | 2022 |
| Volume | 93 |
| Issue | 2 |
| Pages | 281-317 |
| Publication date | 2022-09-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Theory and Decision (JOURNAL) |
| Journal identifiers | ISSN: 0040-5833 • E-ISSN: 1573-7187 |
| Publisher | Springer Science and Business Media LLC (PUBLISHER) |
| DOI | 10.1007/s11238-021-09845-w |
| OpenAlex | W2920672283 |
| Language | EN |
| Citations received | 1 |
| References cited | 42 |
When heterogeneous players make strategic investment decisions in multi-stage contests, they might conserve resources in a current contest to spend more in a subsequent contest, if the degree of heterogeneity in the current (subsequent) contest is sufficiently large (small). We confirm these predictions using data from German professional soccer, in which players are subject to a one-match ban if they accumulate five yellow cards. Players with four yellow cards facing the risk of being suspended for the next match are (i) less likely to be fielded when the heterogeneity in the current match increases and (ii) more likely to receive a fifth yellow card in the current match when heterogeneity in the next match increases or heterogeneity in the next match but one (when they return from their ban) decreases
Business · CONTEST · Economics · Geography · German · Investment (military) · Microeconomics · Order (exchange) · Political science · Rank (graph theory) · Tournament · Experimental Behavioral Economics Studies · Finance · Mathematics · Nonprofit Sector and Volunteering · Sports Analytics and Performance
Strategy and Dynamics in Contests
A survey of experimental research on contests, all-pay auctions and tournaments
The Economic Design of Sporting Contests
Testing Contest Theory
Investing Even in Uneven Contests
More efficient rent-seeking ? A M nchhausen solution
Asymmetric Rent-Seeking with More than Two Contestants
Interim Rank, Risk Taking, and Performance in Dynamic Tournaments
The Incentive Effects of Tournaments Revisited
The Sports Business as a Labor Market Laboratory
| Unique citing works | 1 |
|---|---|
| Citations per year | 0.33 |
| Citation span | 2023 - 2023 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |