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Allocating Awards Across Noncomparable Categories

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  • Lonnie Magee
  • Michael R. Veall

Abstract

Suppose an agency awards a …xed number of prizes to applicants in different categories such that the applicant-to-winner ratio is constant by category. It is demonstrated in a simple theoretical model that the number of awards in a category will typically be positively related to the degree of applicant uncertainty. The theoretical …ndings are related to awards data from the Social Sciences and Humanities Research Council of Canada doctoral fellowship competition.

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File URL: http://socserv.mcmaster.ca/econ/rsrch/papers/archive/2002-11.pdf
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Bibliographic Info

Paper provided by McMaster University in its series Department of Economics Working Papers with number 2002-11.

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Length: 25 pages
Date of creation: Nov 2002
Date of revision:
Handle: RePEc:mcm:deptwp:2002-11

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  1. Edward P. Lazear & Sherwin Rosen, 1979. "Rank-Order Tournaments as Optimum Labor Contracts," NBER Working Papers 0401, National Bureau of Economic Research, Inc.
  2. Fretz, Deborah & Veall, Michael R, 2001. "Economists and the ARC Large Grants Scheme: A Brief Report," The Economic Record, The Economic Society of Australia, vol. 77(237), pages 183-88, June.
  3. Milgrom, Paul & Roberts, John, 1990. "Rationalizability, Learning, and Equilibrium in Games with Strategic Complementarities," Econometrica, Econometric Society, vol. 58(6), pages 1255-77, November.
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