A Survey of Experimental Research on Contests , All-Pay Auctions and Tournaments

  title={A Survey of Experimental Research on Contests , All-Pay Auctions and Tournaments},
  author={Emmanuel Dechenaux and Dan Kovenock and Roman M. Sheremeta},
Many economic, political and social environments can be described as contests in which agents exert costly efforts while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all-pay auctions and rank-order tournaments. This survey provides a review of experimental research on these three canonical contests. First, we review studies investigating the basic structure of contests, including the contest success function, number of… CONTINUE READING
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