Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10011777948
Persistent link: https://www.econbiz.de/10011861125
In noisy contests where only the winners entry will eventually be implemented, the suitable objective is to maximize the quality of the entry of the expected winner. We compare the optimal set of rules in contests under such an objective to the one under maximization of the sum of contestants'...
Persistent link: https://www.econbiz.de/10012935714
Persistent link: https://www.econbiz.de/10012935851
We study the sorting of contestants across Tullock contests, and the allocation of a prize budget across these contests. Our benchmark result is that total effort is maximized by a unique grand contest and contestant exclusions decrease total effort. We consider two extensions of our benchmark...
Persistent link: https://www.econbiz.de/10013296576