Abstract
Under a myopic best-reply dynamic, efforts in repeated contests may exhibit chaotic behavior. This may help explain, for example, why experimental data often show nonconvergence to one-shot equilibrium efforts.
- Title
- Chaotic Dynamics in Contests
- Creators
- Karl Wärneryd - Stockholm School of Economics, Department of Economics
- Publication Details
- Economic Inquiry, Vol.56(3), pp.1486-1491
- Publisher
- Wiley: 12 months
- Number of pages
- 6
- Academic Unit
- Department of Economics
- Language
- English
- Resource Type
- Journal article