منابع مشابه
ECONOMICS SERIES SWP 2008/07 Persuasion as a Contest
We examine how the probability of persuading an audience depends on resources expended by contending parties. We use a Bayesian approach whereby the audience makes inferences solely based on the evidence produced by the constants. We nd conditions that yield the well-known additive contest success functions, including the logit function. We also nd conditions that produce a generalized "di¤er...
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This paper presents a simple game theoretic framework, assuming complete information, to model Bitcoin mining activity. It does so by formalizing the activity as an all-pay contest: a competition where participants contend with each other to win a prize by investing in computational power, and victory is probabilistic. With at least two active miners, the unique pure strategy Nash equilibrium o...
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We develop a model of affirmative action as a large contest wherein students with heterogeneous underlying abilities compete for seats at vertically differentiated colleges that use color-sighted affirmative action policies to evaluate applicants. Students make costly human capital investments before applying, and these investments are both intrinsically productive and serve as signals of abili...
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We develop a model of college assignment as a large contest wherein students with heterogeneous abilities compete for seats at vertically differentiated colleges through the acquisition of productive human capital. We use a continuum model to approximate the outcomes of a game with large, but finite, sets of colleges and students. By incorporating two common families of affirmative action mecha...
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ژورنال
عنوان ژورنال: Economic Theory
سال: 2009
ISSN: 0938-2259,1432-0479
DOI: 10.1007/s00199-009-0497-2