Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/51066 
Title (translated): 
Contests with Multi-Tasking
Year of Publication: 
2006
Series/Report no.: 
WZB Discussion Paper No. SP II 2006-14
Publisher: 
Wissenschaftszentrum Berlin für Sozialforschung (WZB), Berlin
Abstract: 
The standard contest model in which participants compete in a single dimension is well understood and documented. Multi-dimension extensions are possible but are liable to increase the complexity of the contest structure, mitigating one of its main advantages: simplicity. In this paper we propose an extension in which competition ensues in several dimensions and a competitor that wins a certain number of these is awarded a prize. The amount of information needed to run the contest is hence limited to the number of dimensions won by each player. We look at the design of this contest from the point of view of maximizing effort in the contest (per dimension and totally), and show that there will be a tendency to run small contests with few dimensions. The standard Tullock model and its results are encompassed by our framework.
Abstract (Translated): 
Die Arbeit untersucht Wettbewerbsstrukturen, in denen die Teilnehmer eines Turniers in mehr als einer beobachtbaren Dimension oder Outputgröße miteinander konkurrieren, und in denen ein Wettbewerber einen Preis gewinnt, wenn er hinsichtlich einer vorgegebenen Anzahl von Dimensionen besser als seine Konkurrenten abschneidet. Es zeigt sich dabei, dass ein Turnierveranstalter, der die Anstrengungen der Turnierteilnehmer maximieren möchte, Turniere mit einer kleinen Anzahl von Outputdimensionen bevorzugen sollte.
Subjects: 
contest design
multi-tasking
effort incentives
JEL: 
D72
Document Type: 
Working Paper

Files in This Item:
File
Size
230.37 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.