Swiss prize shared

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Contests with Random Noise and a Shared Prize

This note introduces a model of contests with random noise and a shared prize that combines features of Tullock (1980) and Lazear and Rosen (1981). Similar to results in Lazear and Rosen, as the level of noise decreases the equilibrium effort rises. As the noise variance approaches zero, the equilibrium effort of the shared-prize contest approaches that of a Tullock lottery contest. JEL Classif...

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How the 1906 Nobel Prize in Physiology or Medicine was shared between Golgi and Cajal.

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Prize recognition

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ژورنال

عنوان ژورنال: Nature

سال: 1986

ISSN: 0028-0836,1476-4687

DOI: 10.1038/320100b0