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contests. Players may win a prize for winning each component contest, as well as a prize for winning the overall race. Each … component contest is an all-pay auction with complete information. We characterize the unique equilibrium analytically and …
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design of the "Contest for Attention." Among other results, awarding attention to the highest contributors generally …
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players to either overbid a standing bid or to abstain from bidding altogether. Many common forms of contest are elastic. In … any equilibrium of an elastic contest, there is complete rent dissipation for all but at most one player. This result is … used to show that in any sufficiently decisive anonymous standard contest, any equilibrium is an all-pay auction …
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I study sequential contests where the efforts of earlier players may be disclosed to later players by nature or by design. The model has many applications, including rent seeking, R&D, oligopoly, public goods provision, and tragedy of the commons. I show that information about other players'...
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