Showing 51 - 60 of 633,626
We consider contestants who must choose exactly one contest, out of several, to participate in. We show that when the contest technology is of a certain type, or when the number of contestants is large, a self-allocation equilibrium, i.e., one where no contestant would wish to change his choice...
Persistent link: https://www.econbiz.de/10012947451
I consider a contest in which the quantity of output is rewarded and another in which the quality of output is rewarded. The output in the quality contest plays a dual role. It counts in the quality contest but it is also converted into quantity-equivalent output to obtain total output in the...
Persistent link: https://www.econbiz.de/10012913190
This paper proposes the Stochastic-Share Contest, a novel contest format that combines the Winner-Take-All Contest and the Proportional-Prize Contest, with the former nesting the latter two as special cases. Motivated by the experimental contest literature, we include risk aversion and a "joy of...
Persistent link: https://www.econbiz.de/10014080727
We study the sorting of contestants across Tullock contests, and the allocation of a prize budget across these contests. Our benchmark result is that total effort is maximized by a unique grand contest and contestant exclusions decrease total effort. We consider two extensions of our benchmark...
Persistent link: https://www.econbiz.de/10013296576
In this paper, we ask a fundamental design question in the theory of contests: Should contestants and reward money be …
Persistent link: https://www.econbiz.de/10013230233
Persistent link: https://www.econbiz.de/10011282698
Persistent link: https://www.econbiz.de/10011448289
Persistent link: https://www.econbiz.de/10011408902
Persistent link: https://www.econbiz.de/10012221221
Persistent link: https://www.econbiz.de/10011684412