When does division matter? Revisiting the optimal contest architecture

Mustafa Yildirim

Economics Letters, 2023, vol. 230, issue C

Abstract: We compare the aggregate effort between centralized and decentralized contests. Employing a relatively general setting that admits the ratio-form and additive-noise contests as special cases, we identify the population size elasticity of marginal winning probability as a key determinant of this comparison.

Keywords: Contests; Grand contest; Subcontests; Maximum total effort (search for similar items in EconPapers)
JEL-codes: C72 D72 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:230:y:2023:i:c:s0165176523002586

DOI: 10.1016/j.econlet.2023.111233

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