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welcome back to game theory 101 i'm william spaniel today's topic is tulik contests let's get to it thus far we have only investigated standard sources of economic competition under corneau competition for example the firms competed on the quantity of goods that they produced this was the same in stackelberg competition although there the firm production decisions were made sequentially rather than simultaneously under bertrand competition the firms competed on price each of these is a fairly normal way that firms compete with one another when they're trying to sell goods but those are not the only types of competitions that firms or organizations more broadly engage in starting with this lecture we're going to pivot to those more exotic forms of competition and this time we're beginning with contest models in which firms or organizations compete based off of effort or money spent contests in particular are important to study because they are ubiquitous the origin of contest models lie

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How to create an electronic signature for a PDF online

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