Complementarity in contests
AbstractTo facilitate the study of contests in general equilibrium, we examine winner-take-all contests in which the prize is complemenatry to the effort of the contestants, as inputs are in production functions or final goods in utility functions. We focus on the effects of technological factors and endowments on the effort and the welfare of the contestants. Most of our findings differ considerably from the standard model of contestants in which prize and effort are independent.
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Bibliographic InfoArticle provided by Elsevier in its journal European Journal of Political Economy.
Volume (Year): 14 (1998)
Issue (Month): 4 (November)
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Web page: http://www.elsevier.com/locate/inca/505544
Other versions of this item:
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
- D30 - Microeconomics - - Distribution - - - General
- D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
- K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
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