EconPapers    
Economics at your fingertips  
 

Tournaments

Dmitry Ryvkin () and Mikhail Drugov ()

No wp2017_03_02, Working Papers from Department of Economics, Florida State University

Abstract: We derive robust comparative statics for general rank-order tournaments with additive and multiplicative noise. For unimodal distributions of noise, we show that individual equilibrium effort is unimodal in the number of players when it is deterministic. For a stochastic number of players, the unimodality is preserved for changes in the number of players in the sense of first-order stochastic dominance under an additional log-supermodularity restriction. Aggregate equilibrium effort can be increasing, decreasing or nonmonotone in the number of players. Equilibrium effort decreases as noise becomes more dispersed, in the sense of dispersive order or appropriately defined entropy.

Keywords: tournament; comparative statics; stochastic number of players; unimodality; log-supermodularity; entropy (search for similar items in EconPapers)
JEL-codes: C72 D72 D82 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-gth and nep-mic
Date: 2017-03
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://coss.fsu.edu/econpapers/wpaper/wp2017_03_02.pdf First version, 2017-03 (application/pdf)

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:fsu:wpaper:wp2017_03_02

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Working Papers from Department of Economics, Florida State University Contact information at EDIRC.
Bibliographic data for series maintained by Dmitry Ryvkin ().

 
Page updated 2019-10-08
Handle: RePEc:fsu:wpaper:wp2017_03_02