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Temporary exclusion in repeated contests

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  • Yaron Azrieli

Abstract

Consider a population of agents who repeatedly compete for awards, as in the case of researchers annually applying for grants. Noise in the selection process may encourage entry of low quality proposals, forcing the principal to commit large resources to reviewing applications and further increasing award misallocation. A \emph{temporary exclusion} policy prohibits an agent from applying in the current period if they were rejected in the previous, encouraging self-selection. We compare the steady-state equilibria of the games with and without exclusion. Whenever the benefit from winning is large, exclusion leads to fewer low-quality applications and higher welfare for agents.

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  • Yaron Azrieli, 2024. "Temporary exclusion in repeated contests," Papers 2401.06257, arXiv.org, revised Mar 2024.
    • Handle: RePEc:arx:papers:2401.06257
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    References listed on IDEAS

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