Contests with Ties

Daniel Cohen and Aner Sela

No 5132, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We study all-pay contests in which there is a positive probability of a tied outcome. We analyse both one-stage contests and multi-stage contests with tie-breaks. We demonstrate that in symmetric two-player contests, the designer does not have an incentive to award a prize in a case of a tie. Consequently, in symmetric multi-stage two-player contests, the designer should allow an unlimited number of tie-breaks until a winner is decided.

Keywords: Contests; All-pay auctions (search for similar items in EconPapers)
JEL-codes: D44 D72 (search for similar items in EconPapers)
Date: 2005-07
New Economics Papers: this item is included in nep-mic
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Contests with Ties (2007)
Working Paper: CONTESTS WITH TIES (2005)
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