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Extractive contest design

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  • Tomohiko Kawamori

Abstract

We consider contest success functions (CSFs) that extract contestants' prize values. In the common-value case, there exists a CSF extractive in any equilibrium. In the observable-private-value case, there exists a CSF extractive in some equilibrium; there exists a CSF extractive in any equilibrium if and only if the number of contestants is greater than or equal to three or the values are homogeneous. In the unobservable-private-value case, there exists no CSF extractive in some equilibrium. When extractive CSFs exist, we explicitly present one of them.

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  • Tomohiko Kawamori, 2020. "Extractive contest design," Papers 2006.01808, arXiv.org, revised Jul 2022.
    • Handle: RePEc:arx:papers:2006.01808
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    References listed on IDEAS

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