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Persistent link: https://www.econbiz.de/10005674712
This paper considers a symmetric imperfectly discriminating rent-seeking contest in which there may be several winners. The authors first demonstrate a serious flaw in previous work and then go on to suggest an alternative method for analyzing the contest. In contrast to the previous work, they...
Persistent link: https://www.econbiz.de/10005809407
We introduce learning by doing in a dynamic contest. Contestants compete in an early round and can use the experience gained to reduce effort cost in a subsequent contest. A contest designer can decide how much of the prize mass to distribute in the early contest and how much to leave for the...
Persistent link: https://www.econbiz.de/10010864430
Persistent link: https://www.econbiz.de/10009150187