Winner-Take-All Crowdsourcing Contests with Stochastic Production

  title={Winner-Take-All Crowdsourcing Contests with Stochastic Production},
  author={Ruggiero Cavallo and Shaili Jain},
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

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