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Web sites invest significant resources in trying to influence their visibility in online search results. We study the economic incentives of Web sites to invest in this process known as search engine optimization. We focus on methods that improve sites' ranking among the search results without...
Persistent link: https://www.econbiz.de/10008615611
&D races, lobbying activity and sport contests are captured by this framework. After analyzing the unique mixed strategy …
Persistent link: https://www.econbiz.de/10011114126
Using contests to generate innovation has and is widely used. Such contests often involve offering a prize that depends …
Persistent link: https://www.econbiz.de/10008764687
This note introduces a model of contests with random noise and a shared prize that combines features of Tullock (1980 …
Persistent link: https://www.econbiz.de/10011108366
Many economic, political and social environments can be described as contests in which agents exert costly efforts … while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all … canonical contests. First, we review studies investigating the basic structure of contests, including the number of players and …
Persistent link: https://www.econbiz.de/10011111456
Often an organization or government must allocate goods without collecting payment in return. This may pose a difficult problem either when agents receiving those goods have private information in regards to their values or needs or when discriminating among agents using known differences is not...
Persistent link: https://www.econbiz.de/10008527359
According to the so-called Exclusion Principle (introduced by Baye et alii, 1993), it might be profitable for the seller to reduce the number of fully-informed potential bidders in an all-pay auction. We show that it does not apply if the seller regards the bidders’ private valuations as...
Persistent link: https://www.econbiz.de/10005621370
We show that the seller’s optimal reserve price in an all-pay auction with complete information is higher than in a standard auction. We use our results to re-consider some findings of the literature that models lobbying games as all-pay auctions. In particular, we show that the so-called...
Persistent link: https://www.econbiz.de/10005621968
Recent papers show that all-pay auctions are better at raising money for charity than first-price auctions with symmetric bidders and under incomplete information. Yet, this result is lost with sufficiently asymmetric bidders and under complete information. In this paper, we consider a framework...
Persistent link: https://www.econbiz.de/10009148030
the modelization for many real scenarios, like R&D contests and sport tournaments. In our simple two-stage framework with …
Persistent link: https://www.econbiz.de/10011107336