Contests with dominant strategies

Carmen Bevia () and Luis Corchon

Economic Theory, 2022, vol. 74, issue 4, No 7, 19 pages

Abstract: Abstract In this paper, we first characterize the class of contest success functions (CSFs) that yield contests with equilibria in dominant strategies. Then we study the optimal contest as a decision problem under uncertainty. We consider the classical criteria of Wald, Laplace, Hurwicz and Savage. We find that the CSF that maximizes aggregate effort under these criteria has the form of an additively separable cutoff CSF.

Keywords: Contests; Dominant strategies; Optimality under uncertainty; Additively separable CSF (search for similar items in EconPapers)
JEL-codes: C7 D7 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (3)

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DOI: 10.1007/s00199-019-01226-3

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