Showing 1 - 10 of 259
Persistent link: https://www.econbiz.de/10011825964
The contest entails one prize and n potential bidders. Each bidder receives a signal about the value of the prize and has a signal-dependent probability of participation. All bidders bear a cost of bidding that is an increasing function of their bids. It is shown that the contest organizer...
Persistent link: https://www.econbiz.de/10012903881
We study the design of information disclosure in a dynamic multi-agent research contest, where each agent privately searches for innovations and submits his best to compete for a winner-takes-all prize. We find that although submission is a onetime event for each agent, different disclosure...
Persistent link: https://www.econbiz.de/10012902884
Persistent link: https://www.econbiz.de/10013186847
Persistent link: https://www.econbiz.de/10013334555
Persistent link: https://www.econbiz.de/10014474796
In an earlier paper published in this journal, Azrieli and Jain (2018) claim that a social choice function (SCF) is symmetrically implementable in a dominant strategy equilibrium only if the SCF is symmetric. This result crucially relies on their notion of dominant strategy, which is used in the...
Persistent link: https://www.econbiz.de/10014357531
In multi-round elimination tournaments, players experience "psychological momentum". We re-consider the design of elimination tournament plan, by taking into account of various types of psychological momentum. The results show that if there is negative psychological momentum, either persistent...
Persistent link: https://www.econbiz.de/10012945208
Persistent link: https://www.econbiz.de/10012009183
Persistent link: https://www.econbiz.de/10015189108