Stracke, Rudi; Höchtl, Wolfgang; Kerschbamer, Rudolf; … - In: Journal of Economic Behavior & Organization 102 (2014) C, pp. 43-58
This paper investigates the implications of different prize structures on effort provision in dynamic (two-stage) elimination contests. Theoretical results show that, for risk-neutral participants, a structure with a single prize for the winner of the contest maximizes total effort, while a...