G2TT
来源类型Discussion paper
规范类型论文
来源IDDP11592
DP11592 The Optimal Allocation of Punishments in Tullock Contests
Aner Sela
发表日期2016-10-31
出版年2016
语种英语
摘要We study the role of punishments in Tullock contests with symmetric players. We first characterize the players' equilibrium strategies in a contest with either multiple identical prizes or multiple identical punishments (negative prizes). Given that a prize and a punishment have the same absolute value, we show that if the number of prizes is equal to the number of punishments and is lower (higher) than or equal to half the number of players, a designer who wishes to maximize the players' efforts will prefer to allocate punishments (prizes) over prizes (punishments). We also demonstrate that if the sum of the punishments is constrained, then in a contest without an exit option for the players, it is optimal for the designer who maximizes the players' efforts to allocate a single punishment that is equal to the punishment sum. However, in a contest with an exit option the optimal number of punishments depends on the value of the punishment sum and, in particular, the optimal number of punishments does not monotonically increase in the value of the punishment sum.
主题Industrial Organization
关键词Tullock contests Punishments Prizes
URLhttps://cepr.org/publications/dp11592
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/540406
推荐引用方式
GB/T 7714
Aner Sela. DP11592 The Optimal Allocation of Punishments in Tullock Contests. 2016.
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