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Stockholm School of Economics SSE Working Paper Series in Economics, Stockholm School of Economics

No 2016:4:
Chaotic Dynamics in Contests

Karl Wärneryd ()

Abstract: Under a myopic best-reply dynamic, efforts in repeated contests may exhibit chaotic behavior. This may help explain, e.g., why experimental data often show nonconvergence to one-shot equilibrium efforts.

Keywords: Contests; dynamics; chaos; (follow links to similar papers)

JEL-Codes: C61; C72; D72; D74; D83; (follow links to similar papers)

13 pages, September 16, 2016

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