Auctionin Entry into Tournaments
研究了一个参赛者异质的锦标赛模型，发现最优参赛人数通常为两人，并提出一种简单高效的拍卖机制来选拔最合格的参赛者。
A research tournament model with heterogeneous contestants is presented. For a large class of contests the optimal number of competitors is two. This insight makes designing the tournament easier and highlights the importance of selecting highly qualified contestants. While customary uniform‐price and discriminatory‐price auctions are intuitively appealing mechanisms for solving this adverse selection problem, in practice they generally will not be efficient mechanism for selecting contestants. Instead, we propose an alternative auction format that is equally simple to implement and efficiently selects the most qualified contestants to compete, regardless of the form of contestant heterogeneity.