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Morath, Florian; Münster, Johannes - 2010

This paper considers incentives for information acquisition ahead of conflicts. First, we characterize the (unique) equilibrium of the all-pay auction between two players with one-sided asymmetric information where one player has private information about his valuation. Then, we use ou rresults...

Persistent link: https://www.econbiz.de/10003950481

Optimal seedings in elimination tournaments

Groh, Christian; Moldovanu, Benny; Sela, Aner; Sunde, Uwe - 2003

We study an elimination tournament with heterogenous contestants whose ability is common-knowledge. Each pair-wise match is modeled as an all-pay auction where the winner gets the right to compete at the next round. Equilibrium efforts are in mixed strategies, yielding rather complex play...

Persistent link: https://www.econbiz.de/10010343975

Assortative matching by lottery contests

Cohen, Chen; Rabi, Ishay; Sela, Aner - In: Games 13 (2022) 5, pp. 1-20

We study two-sided matching contests with two sets, A and B, each of which includes a finite number of heterogeneous …

Persistent link: https://www.econbiz.de/10014418053

Workaholics and Drop Outs in Optimal Organizations

Müller, Wieland; Schotter, Andrew - 2004

This paper reports the results of experiments designed to test the theory of the optimal composition of prizes in … contests. We find that while in the aggregate results mask an unexpected compositional effect on the individual level. While …

Persistent link: https://www.econbiz.de/10014071331

Turning Up the Heat : The Discouraging Effect of Competition in Contests

Fang, Dawei - 2019

We study contests in which contestants are homogeneous and have convex effort costs. Increasing contest competitiveness …, by making prizes more unequal, scaling up the competition, or adding new contestants, always discourages effort. These … promotion contests at division level rather than firm level can boost employees' effort. Our results are also consistent with …

Persistent link: https://www.econbiz.de/10012900543

Can Tournaments Induce Workaholic Behaviors? Theory and Experimental Evidence

Zhang, Yanren - 2020

We attempt to determine if tournaments create an intrinsic desire of agents to work long and hard even after all prizes …

Persistent link: https://www.econbiz.de/10014095342

Division of a Contest with Identical Prizes

Ando, Munetomo - 2004

This paper studies an economic contest with identical prizes. We consider the effects of division of the contest. When …

Persistent link: https://www.econbiz.de/10014073163

The Role of Information Revelation in Elimination Contests

Zhang, Jun - 2016

two-round elimination contests. We establish that there exists no symmetric separating equilibrium under the full …

Persistent link: https://www.econbiz.de/10012989369

Chapter 7. Advances in Auctions

Kaplan, Todd R.; Zamir, Shmuel - In: Handbook of game theory with economic applications : …, (pp. 381-453). 2015

As a selling mechanism, auctions have acquired a central position in the free market economy all over the globe. This development has deepened, broadened, and expanded the theory of auctions in new directions. This chapter is intended as a selective update of some of the developments and...

Persistent link: https://www.econbiz.de/10014025452

Pavlov, Gregory - 2013

We study cheap-talk pre-play communication in the static all-pay auctions. For the case of two bidders, all correlated and communication equilibria are payoff equivalent to the Nash equilibrium if there is no reserve price, or if it is commonly known that one bidder has a strictly higher value....

Persistent link: https://www.econbiz.de/10009745257