Effort maximization in asymmetric contest games with heterogeneous contestants

B-Tier
Journal: Economic Theory
Year: 2013
Volume: 52
Issue: 2
Pages: 589-630

Authors (4)

Jörg Franke (University of Bath) Christian Kanzow (not in RePEc) Wolfgang Leininger (not in RePEc) Alexandra Schwartz (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 4 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Contest rules are set up by administrators who frequently have discretionary power in specifying the details of these rules, i.e., they can bias the contest rules toward specific contestants in order to further their prime objective. We derive the optimal bias of the contest rule for a contest administrator, who is interested in maximizing the total efforts expended in the contest. The solution is obtained in closed form for a widely used class of n-person contest games. Setting the optimal bias has important implications: (i) there is never exclusion of strong players, instead there is (endogenously induced) inclusion of weak contestants; (ii) the contest administrator will optimally level the playing field by encouraging weak contestants, but he will not equalize the contestants’ chances unless they are identical; and (iii) at least three contestants will be active in equilibrium of the optimal contest, irrespective of heterogeneity. Copyright Springer-Verlag 2013

Technical Details

RePEc Handle
repec:spr:joecth:v:52:y:2013:i:2:p:589-630
Journal Field
Theory
Author Count
4
Added to Database
2026-01-25