Centralized vs decentralized contests
Corchón, Luis C.
- Publisher: Elsevier
Centralization | Decentralization | Contests | Fundamentos del Análisis Económico
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 betw...