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A model of parallel contests
Juang, Wei Torng1,2; Sun, Guang Zhen3; Yuan, Kuo Chih4
2020-06-01
Source PublicationINTERNATIONAL JOURNAL OF GAME THEORY
ABS Journal Level2
ISSN0020-7276
Volume49Issue:2Pages: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 (the contest with more prizes) 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.

KeywordEffort Effect Parallel Contests Participation Effect Rent Extraction
DOI10.1007/s00182-019-00705-0
URLView the original
Indexed BySCIE ; SSCI
Language英語English
WOS Research AreaBusiness & Economics ; Mathematics ; Mathematical Methods In Social Sciences
WOS SubjectEconomics ; Mathematics, Interdisciplinary Applications ; Social Sciences, Mathematical Methods ; Statistics & Probability
WOS IDWOS:000545778900012
PublisherSPRINGER HEIDELBERG, TIERGARTENSTRASSE 17, D-69121 HEIDELBERG, GERMANY
Scopus ID2-s2.0-85078265537
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Citation statistics
Document TypeJournal article
CollectionFaculty of Social Sciences
DEPARTMENT OF ECONOMICS
Corresponding AuthorSun, Guang Zhen
Affiliation1.Institute of Economics, Academia Sinica, Taipei, Taiwan
2.Institute of Business and Management, National Chiao Tung University, Taipei, Taiwan
3.Department of Economics, Faculty of Social Sciences, The University of Macau, Macau, China
4.Department of Economics, Soochow University, Taipei, Taiwan
Corresponding Author AffilicationFaculty of Social Sciences
Recommended Citation
GB/T 7714
Juang, Wei Torng,Sun, Guang Zhen,Yuan, Kuo Chih. A model of parallel contests[J]. INTERNATIONAL JOURNAL OF GAME THEORY, 2020, 49(2), 651-672.
APA Juang, Wei Torng., Sun, Guang Zhen., & Yuan, Kuo Chih (2020). A model of parallel contests. INTERNATIONAL JOURNAL OF GAME THEORY, 49(2), 651-672.
MLA Juang, Wei Torng,et al."A model of parallel contests".INTERNATIONAL JOURNAL OF GAME THEORY 49.2(2020):651-672.
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