| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12067 |
| DP12067 Winner-Take-All Tournaments | |
| Mikhail Drugov; Dmitry Ryvkin | |
| 发表日期 | 2017-05-29 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | This paper provides new general results for winner-take-all rank-order tournaments with additive and multiplicative noise. We show that the comparative statics of the individual equilibrium effort with respect to the number of players follow the shape of the density the noise distribution. For aggregate effort, a similar relation holds for the failure (hazard) rate of the noise distribution. The equilibrium effort decreases as noise becomes more dispersed, in the sense of the dispersive order or appropriately defined entropy. These results are then extended to the case of a stochastic number of players, and new results on the effects of population uncertainty are obtained. All relevant results for the Tullock contest follow as a special case. |
| 主题 | Industrial Organization |
| 关键词 | Tournament Stochastic number of players Unimodality Log-supermodularity Failure rate Entropy Dispersive order Tullock contest |
| URL | https://cepr.org/publications/dp12067 |
| 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/540878 |
| 推荐引用方式 GB/T 7714 | Mikhail Drugov,Dmitry Ryvkin. DP12067 Winner-Take-All Tournaments. 2017. |
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