We examine the properties of all-pay contests in the spirit of Moldovanu and Sela (2001) as the number of entrants grows large under organizer objectives of expected and expected maximum outcomes. Unlike the case with a small number of entrants, with a large number of entrants a single prize...

We consider innovation contests for the procurement of an innovation under moral hazard and adverse selection. Innovators have private information about their abilities, and choose unobservable effort in order to produce innovations of random quality. Innovation quality is not contractible. We...