TOOMAS HINNOSAAR TOOMAS.HINNOSAAR@NOTTINGHAM.AC.UK
Associate Professor
Optimal Sequential Contests
Hinnosaar, Toomas
Authors
Abstract
I study sequential contests where the efforts of earlier players may be disclosed to later players by nature or by design. The model has many applications, including rent seeking, R\&D, oligopoly, public goods provision, and tragedy of the commons. I show that information about other players' efforts increases the total effort. Thus, the total effort is maximized with full transparency and minimized with no transparency. I also show that in addition to the first-mover advantage, there is an earlier-mover advantage. Finally, I derive the limits for large contests and discuss the limit to perfectly competitive outcomes under different disclosure rules.
Citation
Hinnosaar, T. (in press). Optimal Sequential Contests. Theoretical Economics, 19(1), 207-244. https://doi.org/10.2139/ssrn.3119014
Journal Article Type | Article |
---|---|
Acceptance Date | Mar 22, 2023 |
Deposit Date | Mar 28, 2023 |
Journal | Theoretical Economics |
Print ISSN | 1933-6837 |
Electronic ISSN | 1555-7561 |
Publisher | Econometric Society |
Peer Reviewed | Peer Reviewed |
Volume | 19 |
Issue | 1 |
Pages | 207-244 |
DOI | https://doi.org/10.2139/ssrn.3119014 |
Keywords | contest design; oligopoly; public goods; rent-seeking; R&D |
Public URL | https://nottingham-repository.worktribe.com/output/18811895 |
Publisher URL | https://econtheory.org/ojs/index.php/te/article/view/20240207 |
Related Public URLs | https://econtheory.org/ |
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Licence
https://creativecommons.org/licenses/by-nc/4.0/
Publisher Licence URL
https://creativecommons.org/licenses/by-nc/4.0/
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