Residential College | false |
Status | 已發表Published |
A model of parallel contests | |
SUN GUANGZHEN | |
2020-12 | |
Source Publication | International Journal of Game Theory, 2020, 49, 651-672. |
ISSN | 14321270 |
Volume | 49Pages:651-672 |
Abstract | We develop a model of two parallel contests, asymmetric in quantity of homogeneous prizes open to contest, with a finite number of homogeneous risk-neutral bidders. Whether the bidder upon entry into a particular contest is aware of the realized number of competing contestants in the contest is irrelevant to the expected effort at equilibrium. At equilibrium the expected effort per capita in the larger contest is greater than that in the smaller one. The larger contest nonetheless does not attract enough contestants to achieve optimum in rent extraction from the bidders. |
Indexed By | SSCI |
Document Type | Journal article |
Collection | DEPARTMENT OF ECONOMICS |
Affiliation | university of macau |
Recommended Citation GB/T 7714 | SUN GUANGZHEN. A model of parallel contests[J]. International Journal of Game Theory, 2020, 49, 651-672., 2020, 49, 651-672. |
APA | SUN GUANGZHEN.(2020). A model of parallel contests. International Journal of Game Theory, 2020, 49, 651-672., 49, 651-672. |
MLA | SUN GUANGZHEN."A model of parallel contests".International Journal of Game Theory, 2020, 49, 651-672. 49(2020):651-672. |
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