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We study a model of two parallel contests asymmetric in the prize with multiple types of risk-neutral players. Disclosing or hiding the realized number of players in any contest is shown to be irrelevant. We observe a quasi-sorting equilibrium wherein the most competitive players tend to enter...
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We develop a model of parallel contests, asymmetric in quantity of homogeneous prizes open to contest, with a finite number of homogeneous risk-neutral bidders assumed to have a linear effort-cost function. We show that at equilibrium the expected effort per capita in the larger contest is...
Persistent link: https://www.econbiz.de/10012955827
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