Bid caps in large contests

Wojciech Olszewski and Ron Siegel

Games and Economic Behavior, 2019, vol. 115, issue C, 101-112

Abstract: We study the effect of rigid and flexible bid caps on contestants' aggregate costs and aggregate bids in all-pay contests with a large number of heterogeneous contestants and prizes.

Keywords: Contests; All-pay auctions; Large contests; Bid caps (search for similar items in EconPapers)
JEL-codes: D44 D82 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0899825619300284
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:115:y:2019:i:c:p:101-112

DOI: 10.1016/j.geb.2019.02.012

Access Statistics for this article

Games and Economic Behavior is currently edited by E. Kalai

More articles in Games and Economic Behavior from Elsevier
Bibliographic data for series maintained by Catherine Liu ().