校園頭條

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經濟學系袁國芝副教授發表最新期刊論文

A model of parallel contests

作者：Wei-Torng Juang, Guang-Zhen Sun, Kuo-Chih Yuan

International Journal of Game Theory (SSCI)

卷期數：49

頁碼：651-672

出版日期：June 2020

摘要：

We develop a model of two parallel contests, asymmetric in quantity of homogeneous prizes open to contest, with a finite number of homogeneous risk-neutral bidders. Whether the bidder upon entry into a particular contest is aware of the realized number of competing contestants in the contest is irrelevant to the expected effort at equilibrium. At equilibrium the expected effort per capita in the larger contest (the contest with more prizes) is greater than that in the smaller one. The larger contest nonetheless does not attract enough contestants to achieve optimum in rent extraction from the bidders.

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