Question
The above paper models the even versus uneven tournaments. Let's assume, in an uneven tournament, to exert the same amount of effort, it costs twice
The above paper models the even versus uneven tournaments.
Let's assume, in an uneven tournament, to exert the same amount of effort, it costs twice as much for player j than for player i.That is, c(ej)= 2*c(ei)
O'Keeffe et al. (1984) shows that the optimal amount of effort for player i (the advantaged one) is:
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Dynamic Business Law The Essentials
Authors: Nancy Kubasek
1st Edition
0073377686, 9780073377681
