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A Note on Multi-winner Contest Mechanisms

Author

Listed:
  • Subhasish M. Chowdhury

    (University of East Anglia)

  • Sang-Hyun Kim

    (University of East Anglia)

Abstract

We consider a multi-winner nested elimination contest in which losers are sequentially eliminated to attain the set of winners. This is a variant of a widely used mechanism introduced by Clark and Riis (1996) that allows one to select the winners sequentially. We show that the nested elimination mechanism becomes equivalent to another popular mechanism suggested by Berry (1993) where the winners are chosen simultaneously.

Suggested Citation

  • Subhasish M. Chowdhury & Sang-Hyun Kim, 2014. "A Note on Multi-winner Contest Mechanisms," University of East Anglia Applied and Financial Economics Working Paper Series 058, School of Economics, University of East Anglia, Norwich, UK..
    • Handle: RePEc:uea:aepppr:2012_58
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    References listed on IDEAS

    as
    1. Dana Sisak, 2009. "Multiple‐Prize Contests – The Optimal Allocation Of Prizes," Journal of Economic Surveys, Wiley Blackwell, vol. 23(1), pages 82-114, February.
    2. Clark, Derek J & Riis, Christian, 1996. "A Multi-winner Nested Rent-Seeking Contest," Public Choice, Springer, vol. 87(1-2), pages 177-184, April.
    3. Emmanuel Dechenaux & Dan Kovenock & Roman Sheremeta, 2015. "A survey of experimental research on contests, all-pay auctions and tournaments," Experimental Economics, Springer;Economic Science Association, vol. 18(4), pages 609-669, December.
    4. Berry, S Keith, 1993. "Rent-Seeking with Multiple Winners," Public Choice, Springer, vol. 77(2), pages 437-443, October.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Maublanc, François & Rouillon, Sébastien, 2023. "Contests with an uncertain number of prizes with a fixed total value," Mathematical Social Sciences, Elsevier, vol. 121(C), pages 20-25.
    2. Liqun Liu & Nicolas Treich, 2021. "Optimality of winner-take-all contests: the role of attitudes toward risk," Journal of Risk and Uncertainty, Springer, vol. 63(1), pages 1-25, August.
    3. Balart, Pau & Chowdhury, Subhasish M. & Troumpounis, Orestis, 2017. "Linking individual and collective contests through noise level and sharing rules," Economics Letters, Elsevier, vol. 155(C), pages 126-130.
    4. Alberto Vesperoni, 2016. "A contest success function for rankings," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 47(4), pages 905-937, December.
    5. Jingfeng Lu & Zhewei Wang, 2016. "Axiomatization of reverse nested lottery contests," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 47(4), pages 939-957, December.
    6. Subhasish M. Chowdhury & Anwesha Mukherjee & Theodore L. Turocy, 2021. "And the first runner-up is...: Sequential versus simultaneous winner revelation in multi-winner discriminated Tullock contests," Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) 21-01, School of Economics, University of East Anglia, Norwich, UK..
    7. Chowdhury, Subhasish M. & Kim, Sang-Hyun, 2017. "“Small, yet Beautiful”: Reconsidering the optimal design of multi-winner contests," Games and Economic Behavior, Elsevier, vol. 104(C), pages 486-493.
    8. Leppälä, Samuli, 2021. "A partially exclusive rent-seeking contest," Journal of Economic Behavior & Organization, Elsevier, vol. 187(C), pages 60-75.
    9. Lu, Jingfeng & Shen, Bo & Wang, Zhewei, 2017. "Optimal contest design under reverse-lottery technology," Journal of Mathematical Economics, Elsevier, vol. 72(C), pages 25-35.

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    More about this item

    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
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions

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