Orchestrating Rent Seeking Contests
研究竞赛组织者如何选择竞赛结构(同时或分阶段)以最大化参赛者的努力投入,为多阶段竞赛的普遍存在提供理论解释。
Contests have different, sometimes quite complex, organisational structures. In particular, while most of the existing literature focusses on simultaneous contests, multistage contests are also quite frequently encountered. This paper seeks to provide a rationale for the latter by endogenising the choice of a contest structure, which is made by an organiser of a contest interested in maximising the efforts expended by the contenders.