منابع مشابه
Scoring from Contests
This article presents a new model for scoring alternatives from "contest" outcomes. The model is a generalization of the method of paired comparison to accommodate comparisons between arbitrarily sized sets of alternatives in which outcomes are any division of a fixed prize. Our approach is also applicable to contests between varying quantities of alternatives. We prove that under a reasonable ...
متن کاملSorting into Contests: Evidence from Production Contracts∗
In this paper we investigate sorting patterns among chicken contract producers. We show that the sub-game perfect Nash equilibrium of this contracting game reveals a positive sorting where higher ability producers sort themselves into contracts to grow larger chickens and lower ability types sort themselves into contracts to grow smaller birds. We also show that eliciting this type of sorting b...
متن کاملDynamic Contests
Considering several main types of dynamic contests (the race, the tugof-war, elimination contests and iterated incumbency ghts) we identify a common pattern: the discouragement e¤ect. This e¤ect explains why the sum of rent-seeking e¤orts often falls considerably short of the prize that is at stake. It may cause violent conict in early rounds, but may also lead to long periods of peaceful int...
متن کاملAsymmetric Contests
We investigate the Nash equilibria of asymmetric, winner-take-all, imperfectly discriminating contests, focusing on existence, uniqueness and rent dissipation. When the contest success function is determined by a production function with decreasing returns for each contestant, equilibria are unique. If marginal product is also bounded, limiting total expenditure is equal to the value of the pri...
متن کاملLarge Contests
We consider contests with many, possibly heterogeneous, players and prizes that include many existing contest models as special cases. We show that the equilibria of such contests are approximated by an appropriately defined set of incentive-compatible individually-rational single-agent mechanisms. This approach makes it possible to approximate the equilibria of contests whose exact equilibrium...
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ژورنال
عنوان ژورنال: Political Analysis
سال: 2014
ISSN: 1047-1987,1476-4989
DOI: 10.1093/pan/mpt018