Allocating Awards Across Noncomparable Categories
Suppose an agency awards a fixed number of prizes to applicants in different categories such that the applicant-to-winner ratio is constant by category. It is demonstrated in a simple theoretical model that the number of awards in a category will typically be positively related to the degree of applicant uncertainty. The theoretical findings are related to awards data from the Social Sciences and Humanities Research Council of Canada doctoral fellowship competition.
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References listed on IDEAS
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- Lazear, Edward P & Rosen, Sherwin, 1981. "Rank-Order Tournaments as Optimum Labor Contracts," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 841-864, October.
- Milgrom, Paul & Roberts, John, 1990. "Rationalizability, Learning, and Equilibrium in Games with Strategic Complementarities," Econometrica, Econometric Society, vol. 58(6), pages 1255-1277, November.
- Fretz, Deborah & Veall, Michael R, 2001. "Economists and the ARC Large Grants Scheme: A Brief Report," The Economic Record, The Economic Society of Australia, vol. 77(237), pages 183-188, June.
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