Resource Allocation Under Exogenous Information Regimes in Multi-Battle Team Contests

IF 0.9 4区 经济学 Q3 ECONOMICS
Lixue Zhou, Mengling Sun
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引用次数: 0

Abstract

A central leader allocates a budget across multiple fronts before agents choose effort. We study a T $T$ -front team contest with heterogeneous players under three exogenous information regimes: full, partial, and no disclosure. Under full disclosure, every interior allocation-game Nash equilibrium features battle-by-battle spending parity: with equal budgets, leaders match each other's spending within each battle, although the common spending level may vary with the realized type pair. Under partial and no disclosure, we characterize neutral-opponent benchmark best responses. Partial disclosure yields a prior-only tilt direction: toward strong-player battles when strong types are in the majority and toward weak-player battles otherwise. Under no disclosure, Bayesian effort pooling can make weak-player battles have higher marginal product than strong-player battles; the benchmark first-order driver then points toward weak-link protection over a wide region and becomes the neutral-opponent benchmark best response under the stated concavity and interior-effort conditions. We call this mechanism Bayesian productivity reversal. Three-battle strategic-response checks suggest that these directions are robust away from the relevant benchmark thresholds.

外生信息条件下多战斗团队竞争中的资源配置
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来源期刊
自引率
36.40%
发文量
68
期刊介绍: As the official journal of the Association of Public Economic Theory, Journal of Public Economic Theory (JPET) is dedicated to stimulating research in the rapidly growing field of public economics. Submissions are judged on the basis of their creativity and rigor, and the Journal imposes neither upper nor lower boundary on the complexity of the techniques employed. This journal focuses on such topics as public goods, local public goods, club economies, externalities, taxation, growth, public choice, social and public decision making, voting, market failure, regulation, project evaluation, equity, and political systems.
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