publication . Article . 2015

Centralized vs decentralized contests

Luis C. Corchón; Carmen Beviá;
Open Access English
  • Published: 01 Dec 2015
  • Publisher: Elsevier
  • Country: Spain
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.
free text keywords: Centralization, Decentralization, Contests, Fundamentos del Análisis Económico, Public economics, Economics
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