Optimal Contest Design: Tuning the Heat

Letina, Igor; Liu, Shuo; Netzer, Nick

doi:10.2139/ssrn.4078866

SSRN Journal

2022

DOI: 10.2139/ssrn.4078866

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Optimal Contest Design: Tuning the Heat

Igor Letina

Shuo Liu

Nick Netzer

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Disclosure and Favoritism in Sequential Elimination Contests

2022

American Economic Journal: Microeconomics

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We consider a two-stage contest, in which only a subset of contestants enters the finale. We explore the optimal policy for disclosing contestants’ interim status after the preliminary round, i.e., their interim ranking and elimination decision. The optimum depends on the design objective. We fully characterize the conditions under which disclosure or concealment emerges as the optimum. We further allow the organizer to bias the competition based on finalists’ interim rankings, which endogenizes the dynamic structure of the contest. Concealment outperforms in generating total effort, while disclosure prevails when maximizing the expected winner’s total effort. (JEL C72, L22)

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Disclosure and Favoritism in Sequential Elimination Contests

2022

American Economic Journal: Microeconomics

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Optimal Contest Design: Tuning the Heat

Cited by 1 publication

References 47 publications

Disclosure and Favoritism in Sequential Elimination Contests

Disclosure and Favoritism in Sequential Elimination Contests

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