Optimally biased contests with draws
Economics Letters(2023)
摘要
We investigate the optimal design of a generalized lottery contest that incorporates the possibility of draws. The designer can impose identity-dependent treatments – i.e., multiplicative biases and additive headstarts – and/or introduce the possibility of draws. For a general objective function, the designer does not allow for draws in the optimal contest.
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关键词
contests
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