English, Article, Journal or magazine article edition: Contests with a Stochastic Number of Players Alexander Matros; Wooyoung Lim

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Bookmark: http://trove.nla.gov.au/version/68764
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Contests with a Stochastic Number of Players
Author
  • Alexander Matros
  • Wooyoung Lim
Physical Description
  • preprint
Notes
  • We study Tullock's (1980) n-player contest when each player has an independent probability 0 < p 2 individual equilibrium spending as a function of p is single-peaked and satisfies a single-crossing property for any two different numbers of potential players. However, total equilibrium spending is monotonically increasing in p and n. We also demonstrate that ex-post over-dissipation is a feature of the pure-strategy equilibrium in our model. It turns out that if the contest designer can strategically decide whether to reveal the actual number of participating players or not, then the actual number of participants is always revealed.
  • Contests, Stochastic number of players, Over-dissipation.
  • RePEc:pit:wpaper:323
Language
  • English
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