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Two-Stage Contests With Additive Carryovers

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  • Sanghack Lee

Abstract

This paper examines two-stage contests in which players in two groups compete for a prize. In the first stage, each group selects a finalist through intra-group competition. In the second stage the finalists compete for the prize. The first-stage efforts are carried over to the second stage through the contest success function and cost functions. The carryover of efforts proves to increase aggregate efforts when the carryovers are player-specific. In the case of group-specific carryovers, however, the aggregate efforts may either increase or decrease in the carryover rates, depending upon the value of the exponent R of the contest success function. [D62, D72, D74]

Suggested Citation

  • Sanghack Lee, 2001. "Two-Stage Contests With Additive Carryovers," International Economic Journal, Taylor & Francis Journals, vol. 17(1), pages 83-99.
  • Handle: RePEc:taf:intecj:v:17:y:2001:i:1:p:83-99
    DOI: 10.1080/10168730300080006
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    References listed on IDEAS

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    1. Nitzan, Shmuel, 1991. "Rent-Seeking with Non-identical Sharing Rules," Public Choice, Springer, vol. 71(1-2), pages 43-50, August.
    2. Lee, Sanghack, 1995. "Endogenous Sharing Rules in Collective-Group Rent-Seeking," Public Choice, Springer, vol. 85(1-2), pages 31-44, October.
    3. Amegashie, J Atsu, 1999. "The Design of Rent-Seeking Competitions: Committees, Preliminary and Final Contests," Public Choice, Springer, vol. 99(1-2), pages 63-76, April.
    4. Lee, Sanghack & Hyeong Kang, J., 1998. "Collective contests with externalities," European Journal of Political Economy, Elsevier, vol. 14(4), pages 727-738, November.
    5. Amegashie, J Atsu, 2000. "Some Results on Rent-Seeking Contests with Shortlisting," Public Choice, Springer, vol. 105(3-4), pages 245-253, December.
    6. Rosen, Sherwin, 1986. "Prizes and Incentives in Elimination Tournaments," American Economic Review, American Economic Association, vol. 76(4), pages 701-715, September.
    7. Hwan Baik, Kyung & Lee, Sanghack, 1997. "Collective rent seeking with endogenous group sizes," European Journal of Political Economy, Elsevier, vol. 13(1), pages 121-130, February.
    8. Sanghack Lee, 1993. "Inter-group competition for a pure private rent," The Quarterly Review of Economics and Finance, Elsevier, vol. 33(3), pages 261-266.
    9. Baik, Kyung Hwan & Lee, Sanghack, 2000. "Two-Stage Rent-Seeking Contests with Carryovers," Public Choice, Springer, vol. 103(3-4), pages 285-296, June.
    10. Baik, Kyung Hwan, 1993. "Effort levels in contests : The public-good prize case," Economics Letters, Elsevier, vol. 41(4), pages 363-367.
    11. Gradstein, Mark, 1998. "Optimal contest design: volume and timing of rent seeking in contests," European Journal of Political Economy, Elsevier, vol. 14(4), pages 575-585, November.
    12. Mark Gradstein, 1995. "Intensity Of Competition, Entry And Entry Deterrence In Rent Seeking Contests," Economics and Politics, Wiley Blackwell, vol. 7(1), pages 79-91, March.
    13. Katz, Eliakim & Tokatlidu, Julia, 1996. "Group competition for rents," European Journal of Political Economy, Elsevier, vol. 12(4), pages 599-607, December.
    14. Nitzan, Shmuel, 1994. "Modelling rent-seeking contests," European Journal of Political Economy, Elsevier, vol. 10(1), pages 41-60, May.
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    Cited by:

    1. Maria Arbatskaya & Hugo M. Mialon, 2012. "Dynamic Multi-Activity Contests," Scandinavian Journal of Economics, Wiley Blackwell, vol. 114(2), pages 520-538, June.

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