Investment on Human Capital in a Dynamic Contest Model

dc.contributor.author Keskin, Kerim
dc.contributor.author Keskin, Kerim
dc.contributor.author Sağlam, Çağrı
dc.contributor.other Economics
dc.date.accessioned 2019-06-27T08:01:50Z
dc.date.available 2019-06-27T08:01:50Z
dc.date.issued 2019
dc.department Fakülteler, İktisadi, İdari ve Sosyal Bilimler Fakültesi, Ekonomi Bölümü en_US
dc.description.abstract Although most contest games are modeled in such a way that the outcome depends only on the efforts exerted by the contestants what is arguably more important is the contestants' effective efforts which may be influenced also by their ability human capital strength etc. In this paper we investigate an extensive model including such an effectiveness parameter and analyze the optimal investment behavior in a dynamic conflict framework. At each period two contestants compete for a common prize by choosing contest efforts and investment levels. Each contestant's investment accumulates as his/her human capital which depreciates through time. Who wins the component contest at a particular period is determined by the contestants' effective efforts defined as increasing functions of their efforts and human capitals. Following the analysis of subgame perfect Nash equilibrium in a two-period model and of open-loop equilibrium in an infinite-horizon model we provide intuitive comparative static results. en_US]
dc.identifier.citationcount 3
dc.identifier.doi 10.1515/snde-2017-0095 en_US
dc.identifier.issn 1081-1826 en_US
dc.identifier.issn 1558-3708 en_US
dc.identifier.issn 1081-1826
dc.identifier.issn 1558-3708
dc.identifier.issue 1
dc.identifier.scopus 2-s2.0-85050772005 en_US
dc.identifier.scopusquality Q2
dc.identifier.uri https://hdl.handle.net/20.500.12469/482
dc.identifier.uri https://doi.org/10.1515/snde-2017-0095
dc.identifier.volume 23 en_US
dc.identifier.wos WOS:000458512400006 en_US
dc.identifier.wosquality Q4
dc.institutionauthor Keskin, Kerim en_US
dc.language.iso en en_US
dc.publisher Walter De Gruyter Gmbh en_US
dc.relation.journal Studies in Nonlinear Dynamics & Econometrics en_US
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı en_US
dc.rights info:eu-repo/semantics/openAccess en_US
dc.scopus.citedbyCount 3
dc.subject Contests en_US
dc.subject Dynamic contests en_US
dc.subject Investment en_US
dc.subject Effectiveness en_US
dc.subject Human capital en_US
dc.title Investment on Human Capital in a Dynamic Contest Model en_US
dc.type Article en_US
dc.wos.citedbyCount 3
dspace.entity.type Publication
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