[PDF][PDF] Contests: Theory and topics

Q Fu, Z Wu - Oxford Research Encyclopedia of Economics and …, 2019 - researchgate.net
Competitive situations resembling contests are ubiquitous in modern economic landscape.
In a contest, economic agents expend costly effort to vie for limited prizes, and they are …

Uniqueness of equilibrium in two-player asymmetric Tullock contests with intermediate discriminatory power

X Feng, J Lu - Economics Letters, 2017 - Elsevier
This paper provides a different approach to establish the uniqueness of equilibrium in
Tullock contests between two players with asymmetric valuations, when the discriminatory …

Winner's effort in multi-battle team contests

S Barbieri, M Serena - Games and Economic Behavior, 2024 - Elsevier
In multi-battle team contests with pairwise battles, how battles are organized—sequentially
or (partially) simultaneously—may affect the expected winner's total effort (WE), a natural …

[HTML][HTML] Creating balance in dynamic competitions

DJ Clark, T Nilssen - International Journal of Industrial Organization, 2020 - Elsevier
We consider incentives for organizing competitions in multiple rounds, focusing on situations
where there is heterogeneity among the contestants ex ante, which discourages effort in a …

[HTML][HTML] Optimal contest design: Tuning the heat

I Letina, S Liu, N Netzer - Journal of Economic Theory, 2023 - Elsevier
We consider the design of contests when the principal can choose both the prize profile and
how the prizes are allocated as a function of a possibly noisy signal about the agents' efforts …

On the optimal allocation of prizes in best-of-three all-pay auctions

A Sela, O Tsahi - Social Choice and Welfare, 2020 - Springer
We study best-of-three all-pay auctions with two players who compete in three stages with a
single match per stage. The first player to win two matches wins the contest. We assume that …

Optimal prize design in team contests with pairwise battles

X Feng, Q Jiao, Z Kuang, J Lu - Journal of Economic Theory, 2024 - Elsevier
This paper studies the effort-maximizing design of a team contest with an arbitrary number
(odd or even) of pairwise battles. In a setting with full heterogeneity across players and …

Willingness to fight on: Environmental quality in dynamic contests

H Liu, J Lu, A Salvo - The RAND Journal of Economics, 2023 - Wiley Online Library
We show that the prevalence of prolonged tennis contests drops sharply when the ambient
environment deteriorates through heat or pollution. We develop a multi‐battle dynamic …

Biasing dynamic contests between ex-ante symmetric players

S Barbieri, M Serena - Games and Economic Behavior, 2022 - Elsevier
We consider a best-of-three Tullock contest between two ex-ante symmetric players. An
effort-maximizing designer commits to a vector of three biases (advantages or …

Optimal contest design: A general approach

I Letina, S Liu, N Netzer - 2020 - econstor.eu
We consider the design of contests for n agents when the principal can choose both the
prize profile and the contest success function. Our framework includes Tullock contests …