| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5062451 | Economics Letters | 2006 | 6 Pages |
Abstract
When prizes change with effort, contestants adjust effort to mitigate that change. Net payoffs remain unchanged (respectively, can be larger) if prizes are linear (concave) in effort. Contest designers can facilitate desired outcomes by making the prize concave in effort.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Sherrill Shaffer,