Contests with Dominant Strategies

21 Pages Posted: 31 Aug 2016 Last revised: 3 Jul 2019

See all articles by Carmen Bevia

Carmen Bevia

Universidad de Alicante

Luis C. Corchón

Universidad Carlos III de Madrid - Department of Economics

Date Written: September 21, 2018

Abstract

In this paper we first characterize the class of contest success functions (CSF) that yield contests with dominant strategies. Then we study the optimal contest as a decision problem under uncertainty. We consider the classical criteria of Wald, Laplace, Hurwicz and Savage. We find that the CSF that maximizes aggregate effort under these criteria has the form of an additively separable cut-off CSF.

Keywords: C7, D7.

JEL Classification: Contests, Dominant Strategies.

Suggested Citation

Bevia, Carmen and Corchón Diaz, Luis Carlos, Contests with Dominant Strategies (September 21, 2018). Available at SSRN: https://ssrn.com/abstract=2832030 or http://dx.doi.org/10.2139/ssrn.2832030

Carmen Bevia

Universidad de Alicante ( email )

Campus de San Vicente, sn
Alicante, 03690
Spain

Luis Carlos Corchón Diaz (Contact Author)

Universidad Carlos III de Madrid - Department of Economics ( email )

Calle Madrid 126
Getafe, 28903
Spain

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