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And the first runner-up is...: comparing winner selection procedures in multi-winner Tullock contests

Author

Listed:
  • Subhasish M. Chowdhury

    (University of Sheffield)

  • Anwesha Mukherjee

    (Technische Universitat München)

  • Theodore L. Turocy

    (University of East Anglia)

Abstract

We characterise the strategic equivalence among k-winner contests using simultaneous and sequential winner selection. We test this prediction of strategic equivalence using a series of laboratory experiments, contrasting 1-winner contests with 2-winner contests, varying in the latter whether the outcome is revealed sequentially or in a single stage. We find that in the long run, average bidding levels are similar across strategically-equivalent contests. However, adaptation in 2-winner contests is slower and less systematic, which is consistent with the property that simultaneous winner selection results in outcomes that are more random than in the 1-winner case.

Suggested Citation

  • Subhasish M. Chowdhury & Anwesha Mukherjee & Theodore L. Turocy, 2025. "And the first runner-up is...: comparing winner selection procedures in multi-winner Tullock contests," Review of Economic Design, Springer;Society for Economic Design, vol. 29(3), pages 447-477, September.
    • Handle: RePEc:spr:reecde:v:29:y:2025:i:3:d:10.1007_s10058-022-00315-5
    DOI: 10.1007/s10058-022-00315-5
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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