Contingent Prize Allocation and Pivotal Voting
نویسندگان
چکیده
منابع مشابه
The Allocation of a Prize
Consider agents who undertake costly effort to produce stochastic outputs observable by a principal. The principal can award a prize deterministically to the agent with the highest output or to all of them with probabilities that are proportional to their outputs. We show that the deterministic prize elicits more (expected, total) output when agents’ abilities are evenly matched, otherwise the ...
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ژورنال
عنوان ژورنال: British Journal of Political Science
سال: 2011
ISSN: 0007-1234,1469-2112
DOI: 10.1017/s0007123411000342