Showing 1 - 10 of 17
We investigate the incentive consequences of introducing the possibility of a draw into a lottery contest. Equilibrium total effort unambiguously decreases when draws are introduced, whereas the equilibrium expected winner's effort increases when the contestants' valuations of the prize become...
Persistent link: https://www.econbiz.de/10012948540
Persistent link: https://www.econbiz.de/10014340879
Persistent link: https://www.econbiz.de/10015144401
Persistent link: https://www.econbiz.de/10012819897
Persistent link: https://www.econbiz.de/10011847298
We study the incentives of players to disclose information on their private valuations of the prize ahead of a rent-seeking contest. We show that information sharing can arise in equilibrium if types are concentrated enough, whereas sharing information is strictly dominated if types are...
Persistent link: https://www.econbiz.de/10012956214
This paper explores the optimal design of biased contests. A designer imposes an identity-dependent treatment on contestants, which varies the balance of the playing field. A generalized lottery contest typically yields no closed-form equilibrium solutions, which nullifies the usual implicit...
Persistent link: https://www.econbiz.de/10012415462
Persistent link: https://www.econbiz.de/10012500651
Persistent link: https://www.econbiz.de/10012654017
Persistent link: https://www.econbiz.de/10011982901