Fu, Qiang; Lu, Jingfeng; Wang, Zhewei - In: Journal of Mathematical Economics 50 (2014) C, pp. 128-140
This paper proposes a multi-prize “reverse” nested lottery contest model, which can be viewed as the “mirror image” of the conventional nested lottery contest of Clark and Riis (1996a). The reverse-lottery contest model determines winners by selecting losers based on contestants’...