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A model of parallel contests
SUN GUANGZHEN
2020-12
Source PublicationInternational Journal of Game Theory, 2020, 49, 651-672.
ISSN14321270
Volume49Pages: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 BySSCI
Document TypeJournal article
CollectionDEPARTMENT OF ECONOMICS
Affiliationuniversity 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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