Citation
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