. Lotteries and proportional-prize contests have the same Nash equilibrium, but empirically, lotteries induce higher efforts and …This study provides a unified framework to compare three canonical types of contests: winner-take-all contests won by … the best performer, winner-take-all lotteries where probability of success is proportional to performance, and …

simple asymmetric contest in which contestants differ in the effectiveness of their efforts? For two-player contests the …

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 …

This paper analyzes iterated incumbency contests with heterogeneous valuations in a large population setting …

In imperfectly discriminating contests with symmetric valuations, equilibrium payoffs are positive shares of the value … value is lost due to rent dissipation. In this paper, we consider contests with two players and investigate the relationship …

-stage) elimination contests. Theoretical results show that, for risk-neutral participants, a structure with a single prize for the winner …

Perfectly discriminating contests (or all pay auction) are widely used as a model of situations where individuals … devote resources to win some prize. In reality such contests are often preceded by investments of the contestants into their …