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Effort Comparisons for a Class of Four-Player Tournaments

Author

Listed:
  • Deren Caglayan
  • Emin Karagözoglu
  • Kerim Keskin
  • Cagri Saglam

Abstract

We propose a novel tournament design that incorporates the main properties of a round-robin tournament, a Swiss tournament, and a race. Following an equilibrium analysis, we compare 36 tournament structures inherent in our model and several well-known tournament models from the literature, on the basis of expected total equilibrium effort. We show that two of the tournament structures we introduce outperform all the other tournament structures considered.

Suggested Citation

  • Deren Caglayan & Emin Karagözoglu & Kerim Keskin & Cagri Saglam, 2020. "Effort Comparisons for a Class of Four-Player Tournaments," CESifo Working Paper Series 8761, CESifo.
    • Handle: RePEc:ces:ceswps:_8761
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    References listed on IDEAS

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    13. Alex Krumer & Reut Megidish & Aner Sela, 2020. "The optimal design of round-robin tournaments with three players," Journal of Scheduling, Springer, vol. 23(3), pages 379-396, June.
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    Cited by:

    1. Arne Lauber & Christoph March & Marco Sahm, 2022. "Optimal and Fair Prizing in Sequential Round-Robin Tournaments: Experimental Evidence," CESifo Working Paper Series 9651, CESifo.
    2. Serhat Doğan & Emin Karagözoğlu & Kerim Keskin & Çağrı Sağlam, 2023. "Large Tullock contests," Journal of Economics, Springer, vol. 140(2), pages 169-179, October.

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    More about this item

    Keywords

    contest; multi-player contest; race; round-robin tournament; Swiss tournament; tournament;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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