Submission costs in risk-taking contests

被引：0
|
作者：
Whitmeyer, Mark [1 ]
机构：
[1] Arizona State Univ, Tempe, AZ 85281 USA
来源：
GAMES AND ECONOMIC BEHAVIOR | 2023年 / 142卷
关键词：
All -pay contests; Stochastic contests; Rank -order selection; Optimal stopping; Submission costs; Bayesian persuasion; OPTIMAL ALLOCATION; INVESTMENT; SELECTION; PRIVATE; PRIZES; FUND;
D O I：
10.1016/j.geb.2023.07.014
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper investigates stochastic continuous time contests with a twist: the designer requires that contest participants incur some cost to submit their entries. When the designer wishes to maximize the (expected) performance of the top performer, a strictly positive submission cost is optimal. When the designer wishes to maximize total (expected) performance, either the highest submission cost or the lowest submission cost is optimal.& COPY; 2023 Elsevier Inc. All rights reserved.
引用
收藏
页码：101 / 112
页数：12
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