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Social Science Open Access Repository
Research . 2003
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European Economic Review
Article . 2004 . Peer-reviewed
License: Elsevier TDM
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Research Papers in Economics
Preprint . 2003
Full-Text: https://www.econstor.eu/bitstream/10419/51131/1/38574675X.pdf
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Article . 2003 . Peer-reviewed
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https://doi.org/10.1007/978-3-...
Part of book or chapter of book . 2004 . Peer-reviewed
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European Economic Review
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Research . 2003
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Bidding in hierarchies

descriptionPublicationkeyboard_double_arrow_right Article , Part of book or chapter of book , Other literature type , Research , Preprint 01 Jan 2003 English Publisher:Elsevier BVJournal:European Economic Review, volume 48, pages 1,301-1,308 (issn: 0014-2921, Copyright policy )
Authors: Kai A. Konrad; Kai A. Konrad;

doi: 10.1016/j.euroecorev.2003.12.010 , 10.2139/ssrn.504982 , 10.1007/978-3-540-79182-9_39

handle: 10419/51131

Abstract

This paper reconsiders the comparison between hierarchical contests and single-stage contests. A condition is given that characterizes whether and when the aggregate equilibrium payoff of contestants is higher in the single-stage contest, and when the single-stage contest is more likely to award the prize to the contestant who values it most highly. The outcome depends on inter- and intra-group heterogeneity, and is not driven by free-rider incentives.

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Keywords

theory formation, Economics, Wettbewerbsregeln, Hierarchie, hierarchies, Contest, hierarchy, Wettbewerbstheorie, rules of competition, Contest,hierarchies,rent dissipation, D72, basic research, Theoriebildung, Preisbildung, D74, competition theory, Marktmechanismus, ddc:330, Wirtschaft, Economic Sectors, Wirtschaftssektoren, Wettbewerb, market mechanism, rent dissipation, formation of prices, competition, Grundlagenforschung, ddc: ddc:330, jel: jel:D74, jel: jel:D72

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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
57
Top 10%
Top 10%
Top 10%
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