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Multiple prizes in research tournaments

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  • Hoppe-Wewetzer, Heidrun
  • Wagener, Andreas

Abstract

A Fullerton–McAfee research tournament with multiple prizes is strategically equivalent to a sequential multi-prize Tullock contest. Contest designers, aiming to maximize total research efforts, should therefore allocate a given prize sum to a single prize rather than to several ones.

Suggested Citation

  • Hoppe-Wewetzer, Heidrun & Wagener, Andreas, 2019. "Multiple prizes in research tournaments," Economics Letters, Elsevier, vol. 175(C), pages 118-120.
    • Handle: RePEc:eee:ecolet:v:175:y:2019:i:c:p:118-120
    DOI: 10.1016/j.econlet.2018.12.024
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    References listed on IDEAS

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    1. Benny Moldovanu & Aner Sela, 2008. "The Optimal Allocation of Prizes in Contests," Springer Books, in: Roger D. Congleton & Arye L. Hillman & Kai A. Konrad (ed.), 40 Years of Research on Rent Seeking 1, pages 615-631, Springer.
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    6. Dana Sisak, 2009. "Multiple‐Prize Contests – The Optimal Allocation Of Prizes," Journal of Economic Surveys, Wiley Blackwell, vol. 23(1), pages 82-114, February.
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    Cited by:

    1. Lu, Jingfeng & Lu, Yuanzhu & Wang, Zhewei & Zhou, Lixue, 2022. "Winner-leave versus loser-leave in multi-stage nested Tullock contests," Games and Economic Behavior, Elsevier, vol. 132(C), pages 337-352.

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    More about this item

    Keywords

    Tournament design; Contests; Prizes;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

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