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The form of contests for a single fixed prize can be determined by a designer who maximizes the contestants' efforts. This paper establishes that, under common knowledge of the two asymmetric contestants' prize valuations, a fair Tullock-type endogenously determined lottery is always superior to...
Persistent link: https://www.econbiz.de/10013096475
politicians accountable once they are in office. Competition plays a relevant role, as the effects are not limited to the first …
Persistent link: https://www.econbiz.de/10013087417
Is electoral competition good for political selection? To address this issue, we introduce a theoretical model in which …
Persistent link: https://www.econbiz.de/10013158061
receiving aid. Potential recipients must compete for the aid funds. The structure of the competition is important to the donor …
Persistent link: https://www.econbiz.de/10013325086