Equivalence of optimal noisy-ranking contests and Tullock contests

Yohan Pelosse

Journal of Mathematical Economics, 2011, vol. 47, issue 6, 740-748

Abstract: We analyze a noisy-ranking contest in which participants compete in several dimensions. The organizer randomly samples a number of dimensions and awards a prize to the most productive agent. When the contest is optimally designed, we establish a structural equivalence between this family of noisy-ranking contests and contests built upon Tullock contest success functions. Our result also shows that in this class of noisy-contests, the profit-maximization problem of the planner can be turned into a stochastic choice problem for a planner who has some deterministic preferences over the contestants’ win probabilities.

Keywords: Contest success function; Equivalent contests; Probabilistic choice (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:47:y:2011:i:6:p:740-748

DOI: 10.1016/j.jmateco.2011.10.005

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