Fu, Qiang; Wu, Zenan - In: Theoretical Economics 15 (2020) 4, pp. 1435-1470
contestants, which varies the balance of the playing field. A generalized lottery contest typically yields no closed …-form equilibrium solutions, which nullifies the usual implicit programming approach to optimal contest design and limits analysis to … technique applies to a broad array of contest design problems, and the analysis it enables generates novel insights into …