I study contests in which two asymmetric
players compete with each other by expending irreversible efforts to win a
prize. I consider three types of games, which are distinguished by their
different timing assumptions: the simultaneous-move game, the sequential-move game,
and the game with endogenous timing. I compare the outcomes obtained under the
different timing assumptions.
F. Szidarovszky and K. Okuguchi, “On the Existence and Uniqueness of Pure Nash Equilibrium in Rent-Seeking Games,” Games and Economic Behavior, Vol. 18, No. 1, 1997, pp. 135-140. doi:10.1006/game.1997.0517