Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5060497 | Economics Letters | 2012 | 4 Pages |
Abstract
⺠We model two players who compete in two sequential contests. ⺠Prizes won in contest 1 improve players' abilities in contest 2. ⺠We derive the prize allocation that maximizes the sum of efforts. ⺠The optimal winner's share is decreasing in the strength of competition.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Marc Möller,