Franke, Jörg; Leininger, Wolfgang; Wasser, Cédric - 2014
We characterize revenue maximizing head starts for all-pay auctions and lottery contests with many heterogeneous … players. We show that under optimal head starts all-pay auctions revenue-dominate lottery contests for any degree of … biased all-pay auction or lottery contest. While head starts are more effective than multiplicative biases in all …