Influence and the discretionary allocation of several prizes

Clark, Derek J.; Riis, Christian

doi:10.1016/s0176-2680(98)00028-7

Cited by 90 publications

(69 citation statements)

References 15 publications

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“…Likewise, competitors may be offered several prices simultaneously. Riis (1996 and1998) show that in a multiple prize and symmetric players setting, the amount of rent seeking is reduced compared to a situation where there is a unique price. Finally, the value of the prize clubs are competing for may itself be endogenous.…”

Section: Resultsmentioning

confidence: 99%

Spanish Football

Ascari

Gagnepain

2006

Journal of Sports Economics

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This paper proposes to evaluate empirically the consequences of the rent-seeking behavior of football clubs on their costs. The empirical work entails estimating a football wage, result, and demand system with data on clubs competing in the first and second Spanish leagues over the 1996-2003 seasons. The estimation sheds light on wage distortions above a theoretical frontier that differ from 45% to 52% over the period considered. This provides an interesting illustration of the financial difficulties faced recently by many European football clubs.

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Section: Resultsmentioning

confidence: 99%

Spanish Football

Ascari

Gagnepain

2006

Journal of Sports Economics

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“…But their criticism holds only when the process perceived is one where the announcement of outlays by the players is simultaneous while the distribution of prizes is sequential (like the distribution of quotas by the government, or the promotion of several workers. See Clark and Riis [3]). …”

Section:  Kmentioning

confidence: 99%

A Generalization of Berry’s Probability Function

Palma¹,

Munshi²

2013

TEL

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In a multi-prize contest, we consider the space of all outcomes and define a probability on it by hypothesizing the probability of an outcome to depend on resources expended by all the players. In this probability space, we then derive the probability of an individual player winning. It turns out that this probability is a generalized Berry (1993) probability function. Specifically, when 0 weight is attached to the resources spent by the "unsuccessful players" (losers), the probability of winning of an individual player is proposed exactly by Berry (1993). Such a formulation also helps to alleviate charges against the probability function of Berry levied by Clark and Riis (1996) in the context of sequential distribution of prizes since prizes by our very hypothesis, are awarded simultaneously.

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“…Overall, it is generally observed in the contest literature that pooling competition generates higher dissipation rates (Clark and Riis, 1998;Amegashie, 2000;Moldovanu and Sela, 2006). 2 Clark and Riis (1998) show that the income maximizing contest administrator obtains the highest rent-seeking effort when, instead of many small prizes, a large prize is provided.…”

Section: Introductionmentioning

confidence: 97%

Essays on Experimental Investigation of Lottery Contests

Sheremeta

2009

SSRN Journal

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West Lafayette, Indiana ii Для слави Христа.Присвячується моїм батькам за їхню самовіддану підтримку і любов.For the glory of Christ.To my parents for their devotion, unconditional support and enduring love.iii ACKNOWLEDGMENTS This dissertation is a result of perseverance, hard work and most importantlysupport from many generous and inspiring people.

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Influence and the discretionary allocation of several prizes

Cited by 90 publications

References 15 publications

Spanish Football

Spanish Football

A Generalization of Berry’s Probability Function

Essays on Experimental Investigation of Lottery Contests

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