1 Perfect-Substitutes , Best-Shot , and Weakest-Link Contests between Groups

@inproceedings{Sheremeta20101P,
  title={1 Perfect-Substitutes , Best-Shot , and Weakest-Link Contests between Groups},
  author={Roman M. Sheremeta and George Argyros},
  year={2010}
}
This experiment investigates contests between groups. Each group has one strong player, with a higher valuation for the prize, and two weak players, with lower valuations. In contests where individual efforts are perfect substitutes, all players expend significantly higher efforts than predicted by theory. In best-shot contests, where group performance depends on the best performer, most of the effort is expended by strong players while weak players free-ride. In weakest-link contests, where… CONTINUE READING
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