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Bernergard, Axel; Wärneryd, Karl - 2017

where no contestant would wish to change his choice of contest, results in the allocation of players to contests that … maximizes aggregate equilibrium effort. For a class of oligopoly models that are equivalent to contests, this implies output …

Persistent link: https://www.econbiz.de/10011744942

Incomplete property rights and overinvestment

Amegashie, J. Atsu - 2009

encroacher's valuation of the asset is increasing in the asset owner's investment. Due to incomplete property rights, the … encroacher and asset owner engage in a contest over the control of the asset after investment has taken place. A standard result … is that the asset owner will underinvest in the asset relative to the first-best level of investment when property rights …

Persistent link: https://www.econbiz.de/10010265975

Silent interests and all-pay auctions

Konrad, Kai A. - 2005

If firms compete in all-pay auctions with complete information, silent shareholdings introduce asymmetric externalities into the all-pay auction framework. If the strongest firm owns a large share in the second strongest firm, this may make the strongest firm abstain from bidding. As a...

Persistent link: https://www.econbiz.de/10010261198

Outsourcing in contests

Meland, Frode; Straume, Odd Rune - 2006

We study ex post outsourcing of production in an imperfectly discriminating contest, interpreted here as a research tournament or a procurement contest for being awarded some production contract. We find that the possibility of outsourcing increases competition between the contestants, leading...

Persistent link: https://www.econbiz.de/10010261411

American idol: should it be a singing contest or a popularity contest?

Amegashie, J. Atsu - 2007

In the very popular FOX TV reality show, American Idol, the judges, who are presumably experts in evaluating singing effort, have no voting power when the field is narrowed to the top twenty-four contestants. It is only the votes of viewers that count. In the 2007 season of the show, one of the...

Persistent link: https://www.econbiz.de/10010264269

Innovation Contests

Pérez-Castrillo, David; Wettstein, David - 2014

We study innovation contests with asymmetric information and identical contestants, where contestants’ efforts and … payoffs for both nondiscriminatory and discriminatory (where the reward is contestant-dependent) contests. We derive …

Persistent link: https://www.econbiz.de/10010352434

A model of strategic delegation in contests between groups

Brandauer, Stefan; Englmaier, Florian - 2006

We analyze a contest between two groups where group members have differing valuations for the contested rent. Generically the pivotal group member with the median valuation of the rent will not act himself but will want to send a group member that has preferences different to her own into the...

Persistent link: https://www.econbiz.de/10010261408

Evolutionarily stable preferences in contests

Leininger, Wolfgang - 2008

We define an indirect evolutionary approach formally and apply it to (Tullock) contests. While it is known (Leininger …-player contests. The evolutionarily stable preferences (ESP) of the indirect approach turn out to be negatively interdependent …

Persistent link: https://www.econbiz.de/10010275036

Distributional preferences in probabilistic and share contests

Hoffmann, Magnus; Kolmar, Martin - 2013

We analyze Nash equilibria of share and probabilistic contests when players have distributional preferences. If players … the value of the prize (overdissipation), and they are also in line with the findings for share contests. If players are …

Persistent link: https://www.econbiz.de/10010292797

Citations and Incentives in Academic Contests

Amegashie, J. Atsu - 2019

the total number of citations is the same in both contests. In some cases, the total citations contest yields the same …

Persistent link: https://www.econbiz.de/10012141091