Effective contests

Todd Kaplan and Aner Sela

Economics Letters, 2010, vol. 106, issue 1, 38-41

Abstract: We find that two-stage contests could be ineffective, namely, there is a higher chance of low-ability players participating (and winning) than high-ability players. However, imposing a fee on the winner can guarantee that the contest will be effective.

Keywords: All-pay; auctions; Contests; Entry; costs (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (6)

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