Showing 121 - 130 of 56,910
This paper studies an economic contest with identical prizes. We consider the effects of division of the contest. When the contest designer divides the contest symmetrically, each participant competes in each assigned division. The main result is that division is sometimes profitable for the...
Persistent link: https://www.econbiz.de/10014073163
We attempt to determine if tournaments create an intrinsic desire of agents to work long and hard even after all prizes are paid out by developing a theory of workaholic behavior. We base this theory on a model for asymmetric belief updating. In this model, agents infer their productivity from...
Persistent link: https://www.econbiz.de/10014095342
We study two-sided matching contests with two sets, A and B, each of which includes a finite number of heterogeneous …
Persistent link: https://www.econbiz.de/10014418053
contests. In the aggregate the behavior of subjects is consistent with that predicted by the theory, but we find that such …
Persistent link: https://www.econbiz.de/10008557165
four prizes of different size and compare it to "parallel" contests with the same prizes, but where participants have to … same prize. Despite the theoretical predictions, the parallel contests lead to higher efforts for all players, but mainly … by lower-ability players. Division of prizes leads to the predicted effects. In parallel contests, too many players …
Persistent link: https://www.econbiz.de/10011574205
We study two-player all-pay contests in which there is a positive probability of a tied outcome. We show that the … the prize for winning. The implications of this result are twofold. First, in symmetric one-stage contests, the designer …-third of the prize for winning. Second, in multi-stage contests, the designer should not limit the number of stages (tie …
Persistent link: https://www.econbiz.de/10014589147
their efforts. We assume that student preferences are homogeneous over colleges. By modeling college admissions as contests …
Persistent link: https://www.econbiz.de/10010420879
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 …-pay auctions and rankorder tournaments. This survey provides a review of experimental research on these three canonical contests …
Persistent link: https://www.econbiz.de/10010311082
We study a college admissions problem in which colleges accept students by ranking students' efforts in entrance exams. Students' ability levels affect the cost of their efforts. We solve and compare equilibria of “centralized college admissions” (CCA) where students apply to all colleges...
Persistent link: https://www.econbiz.de/10012143456
Persistent link: https://www.econbiz.de/10011378570