Contest architecture


Moldovanu, Benny ; Sela, Aner


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URL: http://ub-madoc.bib.uni-mannheim.de/2795
URN: urn:nbn:de:bsz:180-madoc-27955
Document Type: Working paper
Year of publication: 2002
Publication language: English
Institution: School of Law and Economics > Sonstige - Fakultät für Rechtswissenschaft und Volkswirtschaftslehre
MADOC publication series: Sonderforschungsbereich 504 > Rationalitätskonzepte, Entscheidungsverhalten und ökonomische Modellierung (Laufzeit 1997 - 2008)
Subject: 330 Economics
Subject headings (SWD): Wettbewerb , Auktionstheorie , Spieltheorie , Asymmetrische Information
Abstract: A contest architecture specifies how the prize sum is split among several prizes, and how the contestants (who are here privately informed about their abilities) are split among several sub-contests. We compare the performance of such schemes to that of grand winner-take-all contests from the point of view of designers who maximize either the expected total effort or the expected highest effort. An important explanatory variable is the form of the agents cost functions. The analysis is based on simple but powerful results about various stochastic dominance relations among order statistics and functions thereof.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Moldovanu, Benny ; Sela, Aner (2002) Contest architecture. Open Access [Working paper]
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