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“Small, yet Beautiful”: Reconsidering the optimal design of multi-winner contests.
- Source :
-
Games & Economic Behavior . Jul2017, Vol. 104, p486-493. 8p. - Publication Year :
- 2017
-
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. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 08998256
- Volume :
- 104
- Database :
- Academic Search Index
- Journal :
- Games & Economic Behavior
- Publication Type :
- Academic Journal
- Accession number :
- 124403537
- Full Text :
- https://doi.org/10.1016/j.geb.2017.05.012