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Contests with Multi-tasking

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  • Derek J. Clark
  • Kai A. Konrad

Abstract

The standard contest model in which participants compete in a single dimension is well understood and documented. Multi-dimension extensions are possible but are liable to increase the complexity of the contest structure, mitigating one of its main advantages: simplicity. In this paper we propose an extension in which competition ensues in several dimensions, and a competitor that wins a certain number of these is awarded a prize. The amount of information needed to run the contest is hence limited to the number of dimensions won by each player. We look at the design of this contest from the point of view of maximising effort in the contest (per dimension and totally), and show that there will be a tendency to run small contests with few dimensions. The standard Tullock model and its results are encompassed by our framework. Copyright The editors of the "Scandinavian Journal of Economics" 2007 .

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Scandinavian Journal of Economics.

Volume (Year): 109 (2007)
Issue (Month): 2 (06)
Pages: 303-319

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Handle: RePEc:bla:scandj:v:109:y:2007:i:2:p:303-319

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References

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  1. Amegashie, J Atsu, 2002. " Committees and Rent-Seeking Effort under Probabilistic Voting," Public Choice, Springer, vol. 112(3-4), pages 345-50, September.
  2. Lazear, Edward P & Rosen, Sherwin, 1981. "Rank-Order Tournaments as Optimum Labor Contracts," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 841-64, October.
  3. Baye, M.R. & Kovenock D. & De Vries, C.G., 2000. "Comparative Analysis of Litigation Systems: an Auction-Theoretic Approach," Purdue University Economics Working Papers 1137, Purdue University, Department of Economics.
  4. Krakel, Matthias, 2003. "U-type versus J-type tournaments as alternative solutions to the unverifiability problem," Labour Economics, Elsevier, vol. 10(3), pages 359-380, June.
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Citations

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Cited by:
  1. Stefanie Aniela Lehmann, 2008. "When Randomization in Collective Tournaments is Profitable for the Principal," Bonn Econ Discussion Papers bgse19_2008, University of Bonn, Germany, revised Mar 2009.
  2. J. Atsu Amegashie, 2009. "American Idol: should it be a singing contest or a popularity contest?," Journal of Cultural Economics, Springer, vol. 33(4), pages 265-277, November.
  3. repec:pra:mprapa:6300 is not listed on IDEAS
  4. J. Atsu Amegashie, 2007. "American Idol: Should it be a Singing Contest or a Popularity Contest?," CESifo Working Paper Series 2171, CESifo Group Munich.
  5. J. Atsu Amegashie, 2007. "American Idol: Should it be a Singing Contest or a Popularity Contest?," Working Papers 0708, University of Guelph, Department of Economics.
  6. Pelosse, Yohan, 2011. "Equivalence of optimal noisy-ranking contests and Tullock contests," Journal of Mathematical Economics, Elsevier, vol. 47(6), pages 740-748.

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