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عنوان فارسی
رقابت کیفیت
عنوان انگلیسی
Quality contests
صفحات مقاله فارسی
0
صفحات مقاله انگلیسی
11
سال انتشار
2016
نشریه
الزویر - Elsevier
فرمت مقاله انگلیسی
PDF
کد محصول
E3792
رشته های مرتبط با این مقاله
علوم اقتصادی
گرایش های مرتبط با این مقاله
اقتصاد پولی و اقتصاد مالی
مجله
مجله اروپایی اقتصاد سیاسی - European Journal of Political Economy
دانشگاه
موسسه ماکس پلانک برای قانون مالیات و مالیه عمومی، آلمان
کلمات کلیدی
طراحی رقابت مطلوب، تلاش مورد انتظار از برنده، محرومیت مبارز، هم سطح کردن بازی میدان
چکیده

Abstract


In noisy contests where only the winner's entry will eventually be implemented, the suitable objective is to maximize the expected quality of the entry of the winner. We compare the optimal set of rules in contests under such an objective to the one under maximization of the sum of contestants’ efforts, which is commonly assumed in the literature, and find that it may be beneficial to exclude weak contestants, unlevel the playing field, and weaken the underdog.

نتیجه گیری

7. Conclusions


In a standard model of lottery contest we study how the optimal set of rules changes when the objective is to maximize the expected effort of the winner (quality contest) as opposed to the conventional case where the objective is the sum of every contestant's effort (aggregative contest). We find that, contrary to an aggregative contest, in a quality contest it may be beneficial to exclude weak contestants, unlevel the playing field, and weaken the underdog. The results of this paper are a first step meant to stress the importance of specifying the focus of the contest according to the applications one wants to embrace, as well as to pave the way for future works in this direction.


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