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Discussion Paper Details

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Title: Delay in Contests

Author(s): Helmut Bester and Kai A. Konrad

Publication Date: February 2003

Keyword(s): conflict, contest and delay

Programme Area(s): Public Economics

Abstract: Why is there delay in contests? In this Paper we follow and extend the line of reasoning of Carl von Clausewitz to explain delay. For a given contest technology, delay may occur if there is an asymmetry between defense and attack, if the expected change in relative strengths is moderate, and if the additional cost of investment in future strength is low.

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Bibliographic Reference

Bester, H and Konrad, K. 2003. 'Delay in Contests'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=3784