This paper analyzes how all-pay auctions with endogenous prizes can be used to provide effort incentives. We show that … losers. All-pay auctions with endogenous prizes can do better than all-pay auctions with fixed prizes in this respect, in … particular, when the prize function is approximately linear. We use the results to compare patents and prizes as innovation …

The paper characterizes the mixed-strategy equilibria in all-pay auctions with endogenous prizes that depend positively …

and a heuristic for finding an equilibrium in the case of multiple bidders and multiple prizes. We end with an example of … non-uniqueness of equilibria for the general case of multiple prizes and multiple players. …

results to contests with incomplete informa tion. Two assumptions are imposed on the information structure. First, the players …

This paper studies a large class of imperfectly discriminating contests, referred to as elastic contests, that induce … definite answers regarding the extent of rent dissipation in Tullock contests with intermediate values of the decisiveness …

hierarchical contests and comparing the implications of centralized with decentralized governance. Increasing information available …

This paper considers all-pay contests in which the relationship between bids and allocation reflects a small amount of …, political lobbying, electoral competition, optimally biased contests, the empirical analysis of rent-seeking, and dynamic … contests. …