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Contest Architecture

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Author Info
Moldovanu, Benny () (Department of Economics, University of Mannheim, Germany)
Sela, Aner () (Ben Gurion University)

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Abstract

A contest architecture specifies how the prize sum is split among several prizes, and how the contestants (who are here privately informed about their abilities) are split among several sub-contests. We compare the performance of such schemes to that of grand winner-take-all contests from the point of view of designers who maximize either the expected total effort or the expected highest effort. An important explanatory variable is the form of the agents` cost functions. The analysis is based on simple but powerful results about various stochastic dominance relations among order statistics and functions thereof.

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Publisher Info
Paper provided by Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim in its series Sonderforschungsbereich 504 Publications with number 02-06.

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Length: 25 pages
Date of creation: 01 Nov 2002
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Handle: RePEc:xrs:sfbmaa:02-06

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  1. Chen Cohen & Aner Sela, 2007. "Contests with Ties," Contributions to Theoretical Economics, Berkeley Electronic Press, vol. 7(1), pages 1398-1398. [Downloadable!] (restricted)
  2. Ed Hopkins, 2006. "Job Market Signalling of Relative Position, or Becker Married to Spence," Levine's Bibliography 321307000000000553, UCLA Department of Economics. [Downloadable!]
    Other versions:
  3. Amegashie, J. Atsu, 2007. "American Idol: Should it be a Singing Contest or a Popularity Contest?," MPRA Paper 6300, University Library of Munich, Germany. [Downloadable!]
  4. Cohen, Daniel & Sela, Aner, 2005. "Contests with Ties," CEPR Discussion Papers 5132, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  5. Amegashie, J.A., 2005. "Information Transmission in Elimination Tournaments," Working Papers 2005-11, University of Guelph, Department of Economics. [Downloadable!]
  6. Amegashie, J. Atsu, 2007. "American Idol: Should it be a Singing Contest or a Popularity Contest?," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH. [Downloadable!]
  7. Benny Moldovanu & Aner Sela & Xianwen Shi, 2005. "Contests for Status," Discussion Papers 139, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich. [Downloadable!]
    Other versions:
  8. Alexander Matros, 2006. "Elimination Tournaments where Players Have Fixed Resources," Working Papers 205, University of Pittsburgh, Department of Economics, revised Jan 2006. [Downloadable!]
  9. Hoppe, Heidrun C. & Moldovanu, Benny & Sela, Aner, 2006. "The Theory of Assortative Matching Based on Costly Signals," CEPR Discussion Papers 5543, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  10. Frederik Schmidt, 2008. "The Stability of Dynamic Contests with Asymmetric and Endogenous Prizes," Economics Bulletin, Economics Bulletin, vol. 3(4), pages 1-9. [Downloadable!]
  11. Alexander Matros & Ernest K.Lai, 2006. "Sequential Contests with Ability Revelation," Working Papers 203, University of Pittsburgh, Department of Economics, revised Apr 2007. [Downloadable!]
  12. Cohen, Chen & Sela, Aner, 2005. "Allocation of Prizes in Asymmetric All-Pay Auctions," CEPR Discussion Papers 4951, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  13. Fu, Qiang & Lu, Jingfeng, 2006. "The optimal multi-stage contest," MPRA Paper 946, University Library of Munich, Germany. [Downloadable!]
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  14. Ian A. MacKenzie, & Nick Hanley & Tatiana Kornienko, 2008. "A Permit Allocation Contest for a Tradable Pollution Permit Market," Economics working paper series 08/82, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich. [Downloadable!]
  15. Derek J. Clark & Kai A. Konrad, 2005. "Contests with multi-tasking," Discussion Papers 125, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich, revised May 2006. [Downloadable!]
    Other versions:
  16. Jörg Budde, 2005. "Information in tournaments under limited liability," Bonn Econ Discussion Papers bgse21_2005, University of Bonn, Germany. [Downloadable!]
  17. Amegashie, J., 2007. "American Idol: Should it be a Singing Contest or a Popularity Contest?," Working Papers 2007-8, University of Guelph, Department of Economics. [Downloadable!]
  18. Manfredi M.A. La Manna, 2006. "The Surprising Benefits of a Parellel Universe," Discussion Paper Series, Department of Economics 0611, Department of Economics, University of St. Andrews. [Downloadable!]
  19. Frode Meland & Odd Rune Straume, 2006. "Outsourcing in Contests," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH. [Downloadable!]
    Other versions:
  20. Kai A. Konrad & Dan Kovenock, 2006. "Equilibrium and Efficiency in the Tug-of-War," Discussion Papers 121, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich. [Downloadable!]
    Other versions:
  21. Fu, Qiang & Lu, Jingfeng, 2006. "The beauty of "bigness" in contest design: merging or splitting?," MPRA Paper 947, University Library of Munich, Germany. [Downloadable!]
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