Winner-Take-All Crowdsourcing Contests with Stochastic Production

@inproceedings{Cavallo2013WinnerTakeAllCC,
  title={Winner-Take-All Crowdsourcing Contests with Stochastic Production},
  author={Ruggiero Cavallo and Shaili Jain},
  booktitle={HCOMP},
  year={2013}
}
We study winner-take-all crowdsourcing contests in a model of costly effort and stochastic production introduced by Cavallo and Jain [5]. In this contest format, the principal strategically selects a prize value P , agents simultaneously and strategically exert costly effort towards production yielding stochastic quality results, and the agent who produces the highest quality good is paid P by the principal. We derive some general characteristics of the Nash equilibria of such contests, and… CONTINUE READING

Similar Papers

Loading similar papers…