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Contribution games with asymmetric agents

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  • Yu, Zhixian

Abstract

We generalise Admati and Perry (1991)’s two-player, alternating contributions model, allowing participants to be asymmetric from two dimensions: 1. one of the players is the deadline player and 2. players receive different rewards on completing the project. In equilibrium, the project either ends in the first few stages or at the deadline. A slight change in the environment can influence the ending time dramatically. Based on that, we discuss the appropriate rewarding distribution.

Suggested Citation

  • Yu, Zhixian, 2022. "Contribution games with asymmetric agents," Journal of Mathematical Economics, Elsevier, vol. 102(C).
    • Handle: RePEc:eee:mateco:v:102:y:2022:i:c:s0304406822000659
    DOI: 10.1016/j.jmateco.2022.102724
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    References listed on IDEAS

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    1. Leslie M. Marx & Steven A. Matthews, 2000. "Dynamic Voluntary Contribution to a Public Project," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 67(2), pages 327-358.
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