"This paper derives the effort-maximizing contest rule and the optimal endogenous entry in a context where potential participants bear fixed entry costs. The organizer is allowed to design the contest under a fixed budget with two strategic instruments: the value of the prize purse and a...

"Auction design with endogenous entry is complicated by entry coordination among bidders due to multiple entry equilibria issue. This article studies auction design when information acquisition costs are private information of bidders. We show that this problem can be resolved by sufficient...

To address the issue of when minority and nonminority candidates compete for admissions to a college, we show that an academic quality--oriented college maximizes the test score of its incoming class by adopting an admissions rule that favors the minority. Such a "handicapping" rule increases...