publication . Article . 2015

Centralized vs decentralized contests

Name: Centralized vs decentralized contests
Keywords: Centralization, Decentralization, Contests, Fundamentos del Análisis Económico

Luis C. Corchón; Carmen Beviá;

Open Access English

Published: 01 Dec 2015

Publisher: Elsevier

Country: Spain

Summary

Abstract

We compare two contests, decentralized in which there are several independent contests with non overlapping contestants and centralized in which all contestants fight for a unique prize which is the sum of all prizes in the small contests. We study the relationship between payoffs and efforts between these two contests. The first author acknowledges financial support from ECO2008-04756 (Grupo Consolidado-C), SGR2014-515 and PROMETEO/2013/037. The second author acknowledges financial support from SEJ2005-06167/ECON.