Do the contests with the largest prizes attract the most able contestants? To what extent do contestants avoid …

This article analyses the allocation of prizes in contests. While existing models consider a single contest with an … exogenously given set of players, in our model several contests compete for participants. As a consequence, prizes not only induce … incentive effects but also participation effects. We show that contests that aim to maximize players’ aggregate effort will …

exported to nonstrategic experiments, where a participant reports a complete list of contingent decisions, one for each …-Domènech and Silvestre, 1999, 2002, 2006a, b) by appropriately chosen replications of the original experiments. We find no evidence …

experiments with real (not hypothetical) loses. Our results vindicate Daniel Bernoulli’s view that risk aversion is the dominant …

. We compare our results of multiple games with single game PD-experiments and find no difference in aggregate behavior …