Contests with endogenous discrimination
This paper builds a complete information contest model with endogenous discrimination. We show that a revenue-maximizing contest designer will optimally set a bias towards a weaker contestant against a stronger contestant and completely eliminate the asymmetry between the two. Moreover, in contrast to fair contest models, where the revenue-maximizing contest designer is better off if the weaker contestant becomes stronger or the stronger contestant becomes weaker, our model shows that the opposite result may arise.
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- Epstein, Gil S. & Mealem, Yosef & Nitzan, Shmuel, 2011.
"Political culture and discrimination in contests,"
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- Gil S. Epstein & Yosef Mealem & Shmuel Nitzan, 2010. "Political Culture and Discrimination in Contests," Working Papers 2010-18, Bar-Ilan University, Department of Economics.
- Epstein, Gil S. & Mealem, Yosef & Nitzan, Shmuel, 2010. "Political Culture and Discrimination in Contests," IZA Discussion Papers 5158, Institute for the Study of Labor (IZA).
- Gil S. Epstein & Yosef Mealem & Shmuel Nitzan, 2010. "Political Culture and Discrimination in Contests," CESifo Working Paper Series 3170, CESifo Group Munich.
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"Investment in the Absence of Property Rights: The Role of Incumbency Advantages,"
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3050, C.E.P.R. Discussion Papers.
- Konrad, Kai A., 2002. "Investment in the absence of property rights; the role of incumbency advantages," European Economic Review, Elsevier, vol. 46(8), pages 1521-1537, September.
- Konrad, Kai A., 2001.
"Investment in the absence of property rights: the role of incumbency advantages
[Investitionsanreize bei unvollständigen Eigentumsrechten: die Rolle von Asymmetrien in Aneignungskonflikten]," Discussion Papers, Research Unit: Market Processes and Governance FS IV 01-18, Social Science Research Center Berlin (WZB).
- Kai A. Konrad, 2002. "Investment in the Absence of Property Rights: The Role of Incumbency Advantages," CESifo Working Paper Series 698, CESifo Group Munich.
- Arye L. Hillman & John G. Riley, 1989.
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