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Contests with multi-tasking
[working paper]
Corporate Editor
Wissenschaftszentrum Berlin für Sozialforschung gGmbH
Abstract "Die Arbeit untersucht Wettbewerbsstrukturen, in denen die Teilnehmer eines
Turniers in mehr als einer beobachtbaren Dimension oder Outputgröße miteinander
konkurrieren, und in denen ein Wettbewerber einen Preis gewinnt,
wenn er hinsichtlich einer vorgegebenen Anzahl von Dimensionen besser als
seine... view more
"Die Arbeit untersucht Wettbewerbsstrukturen, in denen die Teilnehmer eines
Turniers in mehr als einer beobachtbaren Dimension oder Outputgröße miteinander
konkurrieren, und in denen ein Wettbewerber einen Preis gewinnt,
wenn er hinsichtlich einer vorgegebenen Anzahl von Dimensionen besser als
seine Konkurrenten abschneidet. Es zeigt sich dabei, dass ein Turnierveranstalter,
der die Anstrengungen der Turnierteilnehmer maximieren möchte, Turniere
mit einer kleinen Anzahl von Outputdimensionen bevorzugen sollte." (Autorenreferat)... view less
"The standard contest model in which participants compete in a single dimension
is well understood and documented. Multi-dimension extensions are possible
but are liable to increase the complexity of the contest structure, mitigating one
of its main advantages: simplicity. In this paper we propose a... view more
"The standard contest model in which participants compete in a single dimension
is well understood and documented. Multi-dimension extensions are possible
but are liable to increase the complexity of the contest structure, mitigating one
of its main advantages: simplicity. In this paper we propose an extension in
which competition ensues in several dimensions and a competitor that wins a
certain number of these is awarded a prize. The amount of information needed
to run the contest is hence limited to the number of dimensions won by each
player. We look at the design of this contest from the point of view of
maximizing effort in the contest (per dimension and totally), and show that there
will be a tendency to run small contests with few dimensions. The standard
Tullock model and its results are encompassed by our framework." (author's abstract)... view less
Keywords
economic model; multiple stress; participant; competition; match; incentive system; game theory; econometrics; competition theory; incentive
Classification
Political Economy
Document language
English
Publication Year
2006
City
Berlin
Page/Pages
24 p.
Licence
Deposit Licence - No Redistribution, No Modifications
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