Strategy in Contests - An Introduction
WZB-Markets and Politics Working Paper No. SP II 2007-01
132 Pages Posted: 1 Feb 2007
Date Written: January 2007
Competition in which goods or rents are allocated as a function of the various efforts expended by players in trying to win these goods or rents is a very common phenomenon. A subset of examples comes from marketing, litigation, relative reward schemes or promotion tournaments in internal labor markets, beauty contests, influence activities, education filters, R&D contests, electoral competition in political markets, military conflict and sports. I survey here this type of competition which is sometimes called contest or tournament. I focus on the role of its various design aspects, such as prize structure, sequencing, nesting, repetition, elimination contests and many others. Some key insights about the nature and properties of this type of competition emerge from this analysis.
Keywords: Survey of contests, tournaments, conflict, strategic aspects
JEL Classification: D72, D74
Suggested Citation: Suggested Citation