Revenue in contests with many participants Academic Article uri icon

abstract

  • We show that in a contest with a single prize, the expected effort made by the k th highest valuation participant bounds the sum of the expected efforts made by all of the participants with valuations less than the k th highest valuations. We also show that in the limit case of a contest with m prizes, the expected effort made by the k th highest valuation participant when the bidders are risk-neutral is greater than the expected effort in the risk-averse case.

publication date

  • January 1, 2014