"Small, yet beautiful": Reconsidering the optimal design of multi-winner contests

Subhasish Chowdhury and Sang-Hyun Kim

No 2015-05, University of East Anglia School of Economics Working Paper Series from School of Economics, University of East Anglia, Norwich, UK.

Abstract: We reconsider whether a grand multi-winner contest elicits more equilibrium effort than a collection of sub-contests. Fu and Lu (2009) employ a sequential winner-selection mechanism and find support for running a grand contest. We show that this result is completely reversed if a simultaneous winner-selection mechanism or a sequential loser-elimination mechanism is implemented. We then discuss the optimal allocation of players and prizes among sub-contests, and the case in which there is restriction in the number of sub-contests.

Keywords: contest design; multiple winner; group-size; selection mechanism (search for similar items in EconPapers)
JEL-codes: C72 D74 (search for similar items in EconPapers)
Date: 2015-09-27
New Economics Papers: this item is included in nep-mic
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Journal Article: “Small, yet Beautiful”: Reconsidering the optimal design of multi-winner contests (2017)
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