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We propose an alternative interpretation of additive random noise from the canonical framework of Lazear and Rosen (1981) amenable to applications where players do observe their final outputs at the time when inputs are chosen. This interpretation is suitable to model situations where...
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We study a sequential (Stackelberg) all-pay auction with two contestants who are privately informed about a parameter (ability) that affects their cost of effort. Contestant 1 (the fi?rst mover) exerts an effort in the fi?rst period, while contestant 2 (the second mover) observes the effort of...
Persistent link: https://www.econbiz.de/10009386359
We study a sequential all-pay auction where heterogeneous contestants are privately informed about a parameter (ability) that affects their cost of effort. In the case of two contestants, contestant 1 (the first mover) makes an effort in the first period, while contestant 2 (the second mover)...
Persistent link: https://www.econbiz.de/10008854484
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uniform distribution. This result introduces a new perspective on lobbying contests and procurement contests. …
Persistent link: https://www.econbiz.de/10010339410
We use data from top-level soccer to examine determinants of individual misbehaviour in team contests. Our estimates …
Persistent link: https://www.econbiz.de/10014278160
We model competition on a credence market governed by an imperfect label, signaling high quality, as a rank-order tournament between firms. In this market interaction, asymmetric firms jointly and competitively control the underlying quality ranking's precision by releasing individual...
Persistent link: https://www.econbiz.de/10014377606
literatures on public goods and contests. …
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-life contests. We propose a model where the principal of a contest has commitment power to verifiably disclose contestants’ types …
Persistent link: https://www.econbiz.de/10014497469