Contests with Ties
Abstract
We study all-pay contests in which there is a positive probability of a tied outcome. We analyse both one-stage contests and multi-stage contests with tie-breaks. We demonstrate that in symmetric two-player contests, the designer does not have an incentive to award a prize in a case of a tie. Consequently, in symmetric multi-stage two-player contests, the designer should allow an unlimited number of tie-breaks until a winner is decided.Download Info
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Bibliographic Info
Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 5132.Length:
Date of creation: Jul 2005
Date of revision:
Handle: RePEc:cpr:ceprdp:5132
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Related research
Keywords: all-pay auctions; contests;Find related papers by JEL classification:
- D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-08-13 (All new papers)
- NEP-MIC-2005-08-13 (Microeconomics)
References
References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Maya Eden, 2006.
"Optimal Ties in Contests,"
Levine's Bibliography
321307000000000374, UCLA Department of Economics.
- Maya Eden, 2006. "Optimal Ties in Contests," Discussion Paper Series dp430, The Center for the Study of Rationality, Hebrew University, Jerusalem.
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