Centralized versus decentralized contests with risk-averse players

DOI10.1016/J.ECONLET.2019.108816MaRDI QIDQ2292793zbMATH OpenOpenAlexFDO

Authors Xiruo Wang, Z. N. Wu, Yuxuan Zhu

Publication date 5 February 2020

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2019.108816

zbMATH Keywords

centralizationdecentralizationmultiple prizesrisk aversionTullock contests

Mathematics Subject Classification ID

Utility theory (91B16) Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

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Cites work

• Centralized vs decentralized contests
• Multi-prize contests with risk-averse players
• Relative difference contest success function
• Replicating contests
• The beauty of ``bigness: On optimal design of multi-winner contests

Cited in

(6)

• Centralized vs decentralized contests
• Multi-prize contests with expectation-based loss-averse players
• Multi-prize contests with risk-averse players
• Constant risk aversion in stochastic contests with exponential completion times
• When does division matter? Revisiting the optimal contest architecture
• Contest divisioning

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