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the prize structure affects the intensity, fairness, and dynamic behavior in sequential round-robin tournaments with three …
Persistent link: https://www.econbiz.de/10013185940
We examine the fairness and intensity of sequential round-robin tournaments with multiple prizes. With three symmetric …
Persistent link: https://www.econbiz.de/10011743460
We examine the effects of endogenous sequences on the fairness in round-robin tournaments with four players, multiple … show that there is no sequence which implies perfect fairness. By contrast, some endogenous sequences imply horizontal ex …-ante fairness irrespective of the prize structure. In winner-take-all tournaments, additional endogenous sequences are horizontally …
Persistent link: https://www.econbiz.de/10014631658
We provide new experimental evidence which suggests an asymmetric discouragement effect in lottery contests with heterogeneous abilities. Compared to a symmetric contest, subjects invest less effort when facing a stronger opponent, but they invest the same when facing a weaker opponent. Our...
Persistent link: https://www.econbiz.de/10011539207
I characterize the optimal accuracy level r of an unbiased Tullock contest between two players with heterogeneous prize valuations. The designer maximizes the winning probability of the strong player or the winner’s expected valuation by choosing a contest with an all-pay auction equilibrium...
Persistent link: https://www.econbiz.de/10013172104
-pay auctions implies lower aggregate effort than in tournaments with suitable Tullock contests. The fairness of round …
Persistent link: https://www.econbiz.de/10011632264
We investigate overlapping contests in multi-divisional organizations in which an individual's effort simultaneously determines the outcome of several contests on different hierarchical levels. We show that individuals in smaller units are advantaged in the grand (organization-wide) contest for...
Persistent link: https://www.econbiz.de/10012134718