PlumX Metrics
Embed PlumX Metrics

PROPERTIES OF CONTESTS: CONSTRUCTING CONTEST SUCCESS FUNCTIONS FROM BEST-RESPONSES

Journal of Dynamics and Games, ISSN: 2164-6074, Vol: 9, Issue: 2, Page: 151-163
2022
  • 0
    Citations
  • 0
    Usage
  • 0
    Captures
  • 0
    Mentions
  • 0
    Social Media
Metric Options:   Counts1 Year3 Year

Article Description

We aim at characterizing the functions that could be explained (recoverable) as a best reply of payoff-maximizing players in contests for a fixed prize. We show that recoverability strongly differs between Decisive Contests, where the prize is allocated with certainty, and Possibly Indecisive Contests, where the prize might not be awarded. In the latter, any arbitrary set of best reply functions is recoverable, thus “anything goes.” In the former, best reply functions have to satisfy strong conditions in some cases. We provide an outline of possible applications of our results to R&D and labor markets.

Bibliographic Details

Provide Feedback

Have ideas for a new metric? Would you like to see something else here?Let us know