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A Model of Parallel Contests
Wei-Torng Juang1,2; Guang-Zhen Sun3; Kuo-Chih Yuan4
2020-06-01
Source PublicationINTERNATIONAL JOURNAL OF GAME THEORY
ISSN0020-7276
Volume49Issue:2Pages:651-672
Abstract

We develop a model of parallel contests, asymmetric in quantity of homogeneous prizes open to contest, with a finite number of homogeneous risk-neutral bidders assumed to have a linear effort-cost function. We show that at equilibrium the expected effort per capita in the larger contest is greater than in a smaller one. The larger contest nonetheless does not attract enough contestants to achieve the optimum in extracting the rent from the bidders.

KeywordParallel Contests Rent Extraction Entry Fees Contest Design Population Uncertainty
DOI10.1007/s00182-019-00705-0
Indexed BySCIE ; SSCI
Language英語English
WOS Research AreaBusiness & Economics ; Mathematics ; Mathematical Methods In Social Sciences
WOS SubjectEconomics ; Mathematics, Interdisciplinary Applications ; Social Sciences, Mathematical Methods ; Statistics & Probability
WOS IDWOS:000545778900012
PublisherSPRINGER HEIDELBERG, TIERGARTENSTRASSE 17, D-69121 HEIDELBERG, GERMANY
Scopus ID2-s2.0-85078265537
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Citation statistics
Document TypeJournal article
CollectionFaculty of Social Sciences
DEPARTMENT OF ECONOMICS
Corresponding AuthorGuang-Zhen Sun
Affiliation1.Institute of Economics, Academia Sinica, Taipei, Taiwan
2.Institute of Business and Management, National Chiao Tung University, Taipei, Taiwan
3.Department of Economics, Faculty of Social Sciences, The University of Macau, Macau, China
4.Department of Economics, Soochow University, Taipei, Taiwan
Corresponding Author AffilicationFaculty of Social Sciences
Recommended Citation
GB/T 7714
Wei-Torng Juang,Guang-Zhen Sun,Kuo-Chih Yuan. A Model of Parallel Contests[J]. INTERNATIONAL JOURNAL OF GAME THEORY, 2020, 49(2), 651-672.
APA Wei-Torng Juang., Guang-Zhen Sun., & Kuo-Chih Yuan (2020). A Model of Parallel Contests. INTERNATIONAL JOURNAL OF GAME THEORY, 49(2), 651-672.
MLA Wei-Torng Juang,et al."A Model of Parallel Contests".INTERNATIONAL JOURNAL OF GAME THEORY 49.2(2020):651-672.
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