Turning up the heat: the discouraging effect of competition in contests
We study contests in which contestants are homogeneous and have convex effort costs. Increasing contest competitiveness, by making prizes more unequal, scaling up the competition, or adding new contestants, always discourages effort. These results have significant implications: although often critic...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
University of Chicago Press
2020
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