Using contests to generate innovation has and is widely used. Such contests often involve offering a prize that depends …

We study two-stage political contests with private entry costs. We show that these political contests could be …

and differs between the contestants. Some key properties of R&D races, lobbying activity and sport contests are captured …

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 …

-order contests with complete information, in which each player's strategy generates direct or indirect affine "spillover" effects … important economic environments, as well as in classic contests adapted to recent experimental and behavioral models where …, tournaments, R&D races, models of ligitation, and a host of other contests. …

particular, when the prize function is approximately linear. We use the results to compare patents and prizes as innovation …