Centralized vs decentralized contests

Carmen Bevia () and Luis Corchon

Economics Letters, 2015, vol. 137, issue C, 32-35

Abstract: We compare two contests, decentralized in which there are several independent contests with non overlapping contestants and centralized in which all contestants fight for a unique prize which is the sum of all prizes in the small contests. We study the relationship between payoffs and efforts between these two contests.

Keywords: Centralization; Decentralization; Contests (search for similar items in EconPapers)
JEL-codes: C72 D72 D74 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:137:y:2015:i:c:p:32-35

DOI: 10.1016/j.econlet.2015.10.022

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