Optimally biased contests with draws

Bo Li, Zenan Wu and Zeyu Xing

Economics Letters, 2023, vol. 226, issue C

Abstract: We investigate the optimal design of a generalized lottery contest that incorporates the possibility of draws. The designer can impose identity-dependent treatments – i.e., multiplicative biases and additive headstarts – and/or introduce the possibility of draws. For a general objective function, the designer does not allow for draws in the optimal contest.

Keywords: Contest; Draws; Biases; Headstarts; Contest design (search for similar items in EconPapers)
JEL-codes: C72 D72 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:226:y:2023:i:c:s0165176523001015

DOI: 10.1016/j.econlet.2023.111076

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