Details
| Original language | English |
|---|---|
| Pages (from-to) | 118-120 |
| Number of pages | 3 |
| Journal | Economics letters |
| Volume | 175 |
| Early online date | 24 Dec 2018 |
| Publication status | Published - Feb 2019 |
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.
Keywords
- Contests, Prizes, Tournament design
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
- Finance
- Economics, Econometrics and Finance(all)
- Economics and Econometrics
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In: Economics letters, Vol. 175, 02.2019, p. 118-120.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - Multiple prizes in research tournaments
AU - Hoppe-Wewetzer, Heidrun
AU - Wagener, Andreas
N1 - Funding Information: Hoppe-Wewetzer thanks Deutsche Forschungsgemeinschaft (DFG) for financial support through SFB/TR 15 .
PY - 2019/2
Y1 - 2019/2
N2 - 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.
AB - 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.
KW - Contests
KW - Prizes
KW - Tournament design
UR - http://www.scopus.com/inward/record.url?scp=85059938300&partnerID=8YFLogxK
U2 - 10.1016/j.econlet.2018.12.024
DO - 10.1016/j.econlet.2018.12.024
M3 - Article
AN - SCOPUS:85059938300
VL - 175
SP - 118
EP - 120
JO - Economics letters
JF - Economics letters
SN - 0165-1765
ER -