Multiple prizes in research tournaments
Heidrun Hoppe-Wewetzer and
Economics Letters, 2019, vol. 175, issue C, 118-120
A Fullerton–McAfee research tournament with multiple prizes is strategically equivalent to a sequential multi-prize Tullock contest. Contest designers, aiming to maximize total research efforts, should therefore allocate a given prize sum to a single prize rather than to several ones.
Keywords: Tournament design; Contests; Prizes (search for similar items in EconPapers)
JEL-codes: C72 D72 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:175:y:2019:i:c:p:118-120
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