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 quantity contest. This latter feature implies that the two contests …

analyzes a contest among individuals as a benchmark to scrutinize the effects of prize externality and sharing-rule information … on rent-dissipation rate and social welfare. Thereafter, the current study investigates two types of group contest with … but has no effect on social welfare. (2) The group contest with private information on sharing rules yields higher social …

This paper studies an economic contest with identical prizes. We consider the effects of division of the contest. When … the contest designer divides the contest symmetrically, each participant competes in each assigned division. The main … result is that division is sometimes profitable for the contest designer, in the sense that division brings about increases …

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 winning" in our model and show that Stochastic-Share Contests …

. Our benchmark result is that total effort is maximized by a unique grand contest and contestant exclusions decrease total … strategy space of the designer so as to obtain a greater total effort than that of a unique grand contest, and we find that; (i …) if the designer can make contestants' efforts valid for competing simultaneously in more than one contest, then total …

While the game-theoretic analysis of conflict is often based upon the assumption of multiplicative noise, additive … the equilibrium set of the n-player difference-form contest with heterogeneous valuations. For high or intermediate levels … valuations, we obtain a partial uniqueness result for symmetric equilibria. As the contest becomes increasingly decisive, at …

pooled into a single grand contest, or should they be divided into parallel subcontests? We theoretically explore optimal … divisioning using Tullock’s lottery contest framework and compare the performance, i.e., total effort generated, of the grand … contest to the performance of contest divisioning based on players' ability or risk attitude. When all players are risk …