Effective contests

Todd R. Kaplan; Aner Sela

doi:10.1016/j.econlet.2009.09.019

Effective contests

Todd R. Kaplan
, Aner Sela

Department of Economics

Research output: Contribution to journal › Article › peer-review

Abstract

We find that two-stage contests could be ineffective, namely, there is a higher chance of low-ability players participating (and winning) than high-ability players. However, imposing a fee on the winner can guarantee that the contest will be effective.

Original language	English
Pages (from-to)	38-41
Number of pages	4
Journal	Economics Letters
Volume	106
Issue number	1
DOIs	https://doi.org/10.1016/j.econlet.2009.09.019
State	Published - Jan 2010

Keywords

All-pay auctions
Contests
Entry costs

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/j.econlet.2009.09.019

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abstract = "We find that two-stage contests could be ineffective, namely, there is a higher chance of low-ability players participating (and winning) than high-ability players. However, imposing a fee on the winner can guarantee that the contest will be effective.",

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KW - All-pay auctions

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KW - Entry costs

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DO - 10.1016/j.econlet.2009.09.019

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VL - 106

SP - 38

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JO - Economics Letters

JF - Economics Letters

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Effective contests

Abstract

Keywords

ASJC Scopus subject areas

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