کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
966877 931117 2011 9 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Welfare maximizing contest success functions when the planner cannot commit
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات ریاضیات کاربردی
پیش نمایش صفحه اول مقاله
Welfare maximizing contest success functions when the planner cannot commit
چکیده انگلیسی
We analyze how a contest organizer chooses optimally the winner when the contestants' efforts are already exerted and commitment to the use of a given contest success function is not possible. We define the notion of rationalizability in mixed-strategies to capture such a situation. Our approach allows to derive different contest success functions depending on the aims and attitudes of the decider. We derive contest success functions which are closely related to commonly used functions providing new support for them. By taking into account social welfare considerations our approach bridges the contest literature and the recent literature on political economy.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Mathematical Economics - Volume 47, Issue 3, May 2011, Pages 309-317
نویسندگان
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