| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5071361 | Games and Economic Behavior | 2017 | 8 Pages |
Abstract
We reconsider whether a grand multi-winner contest elicits more equilibrium effort than a collection of sub-contests. Fu and Lu (2009) employ a sequential winner-selection mechanism and find support for running a grand contest. We show that this result is completely reversed if a simultaneous winner-selection mechanism or a sequential loser-elimination mechanism is implemented. We then discuss the optimal allocation of players and prizes among sub-contests.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Subhasish M. Chowdhury, Sang-Hyun Kim,