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The optimal allocation of prizes in two-stage contests

Alshech, Shahar; Sela, Aner - In: Economics letters 203 (2021), pp. 1-3

Persistent link: https://www.econbiz.de/10012607329

Optimal prizes in dynamic elimination contests : an experimental analysis ; conference paper

Stracke, Rudi; Höchtl, Wolfgang; Kerschbamer, Rudolf; … - 2013

This paper investigates the effects of different prize structures on the effort choices of participants in two-stage elimination contests. A format with a single prize is shown to maximize total effort over both stages, but induces low effort in stage 1 and high effort in stage 2. By contrast, a...

Persistent link: https://www.econbiz.de/10010340562

Learning the Type of the Opponent in Imperfectly Discriminating Contests with Asymmetric Information

Pogrebna, Ganna - 2008

In a competitive environment players often face uncertainty about the relative strength of their opponents. This paper considers a winner-take-all rent-seeking contest between two players with different costs of effort. Costs of effort are private knowledge, however, players have an opportunity...

Persistent link: https://www.econbiz.de/10014215268

Stochastic-Share Contests

Brookins, Philip; Smyth, Andrew - 2022

This paper proposes the Stochastic-Share Contest, a novel contest format that combines the Winner-Take-All Contest and the Proportional-Prize Contest, with the former nesting the latter two as special cases. Motivated by the experimental contest literature, we include risk aversion and a "joy of...

Persistent link: https://www.econbiz.de/10014080727

Lottery Contests with Draws

Deng, Shanglv - 2017

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

Quantity-cum-Quality Contests

Amegashie, J. Atsu - 2018

I consider a contest in which the quantity of output is rewarded and another in which the quality of output is rewarded. The output in the quality contest plays a dual role. It counts in the quality contest but it is also converted into quantity-equivalent output to obtain total output in the...

Persistent link: https://www.econbiz.de/10012913190

Quantity-Cum-Quality Contests

Amegashie, J. Atsu - 2018

Quality and quantity are very common features of production processes. People care about these two features and they tend to be connected. I consider a contest in which the quantity and quality of output are rewarded. The output in the quality contest plays a dual role. It counts in the quality...

Persistent link: https://www.econbiz.de/10012918261

All-Pay Contests with Productive Effort

Siegel, Ron - 2012

I consider competitions in which, conditional on winning or losing, the eﬀort exerted by a competitor does not necessarily decrease his payoﬀ. This happens, for example, in competitions for promotions in which workers are intrinsically motivated, and in research and development races in...

Persistent link: https://www.econbiz.de/10013115304

A Nested Contest : Tullock Meets the All-Pay Auction

Amegashie, J. Atsu - 2012

(lottery) contest and the all-pay auction. A Nash equilibrium exists for all parameters of the nested contest. If and only if … aggregate efforts in the all-pay auction are higher than the aggregate efforts in the Tullock contest, then aggregate efforts in … the nested contest may not lie between aggregate efforts in the all-pay auction and aggregate efforts in the Tullock …

Persistent link: https://www.econbiz.de/10013098647

A nested contest : Tullock meets the all-pay auction

Amegashie, J. Atsu - 2012

Persistent link: https://www.econbiz.de/10009659345