Title

Miscellany a Note on Modeling Tournaments

Publication Type

Journal Article

Publication Date

1992

Abstract

Existing studies on tournaments utilize different specifications of the production function. Comparison of these results is difficult. This paper shows that the strategic behavior of agents in a tournament can be analyzed more generally using a specification of the production function along the lines of the standard agency model. I also show that in mixed contests, the more able contestant would in equilibrium have a higher probability of winning the contest despite attempts to use effort to compensate for ability by the less able contestant (Proposition 3).

Discipline

Economics

Research Areas

Applied Microeconomics

Publication

Journal of Economics

Volume

55

Issue

3

First Page

297

Last Page

308

ISSN

0931-8658

Publisher

Springer Verlag

This document is currently not available here.

Share

COinS