RT Generic
T1 Welfare maximizing contest success functions when the planner cannot commit
A1 Corchón, Luis C.
A1 Dahm, Matthias
A2 Universidad Carlos III de Madrid. Departamento de Economía, 
AB We analyze how a contest organizer chooses the winner when the contestants.efforts are already exerted and commitment to the use of a given contest success function is not possible. We define the notion of rationalizability in mixed-strategies to capture such a situation. Our approach allows to derive different contest success functions depending on the aims and attitudes of the decider. We derive contest success functions which are closely related to commonly used functions providing new support for them. By taking into account social welfare considerations our approach bridges the contest literature and the recent literature on political economy.
SN 2340-5031
YR 2009
FD 2009-11
LK https://hdl.handle.net/10016/5719
UL https://hdl.handle.net/10016/5719
LA eng
DS e-Archivo
RD 22 ago. 2024