Centralized vs Decentralized Contests
8 Pages Posted: 13 Jul 2015 Last revised: 7 Sep 2015
Date Written: July 12, 2015
We compare two contest. Decentralized in which there are several independent contests with non overlapping contestants and Centralized in which all contestants fight for a unique prize which is the sum of all prizes in the small contests. We study the relationship between payoffs and efforts between these two contests.
Keywords: Contests, Design, Effort
JEL Classification: C72; D72; D74
Suggested Citation: Suggested Citation