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We study optimal information disclosure in static contests where players do not know their own values of winning but can learn them, publicly or privately, from the designer. The designer chooses a disclosure policy that maximizes the total expected effort, and commits to it before observing the...
Persistent link: https://www.econbiz.de/10014080763
We develop a model where two players with asymmetric preferences engage in a contest game. The key novelty is the introduction of multi-dimensional rewards. We characterize the optimal prize allocation that maximizes aggregate effort. When heterogeneity in preferences is strong and the designer...
Persistent link: https://www.econbiz.de/10014240459
We develop a model where two players with asymmetric preferences engage in a contest game. The key novelty is the introduction of multi-dimensional rewards. We characterize the optimal prize allocation that maximizes aggregate effort. When heterogeneity in preferences is strong and the designer...
Persistent link: https://www.econbiz.de/10013212096
We study optimal information disclosure in static contests where players do not know their own values of winning but can learn them, publicly or privately, from the designer. The designer chooses a disclosure policy that maximizes the total expected effort and commits to it before observing the...
Persistent link: https://www.econbiz.de/10013212098
Persistent link: https://www.econbiz.de/10014259052