Winner’s Optimal Reimbursement in Contest
This paper explores a designer-optimal reimbursement scheme in all-pay auctions with winner’s reimbursement. Assuming the reimbursement is a linear function of the cost of effort, we obtain analytical solutions for the contestants’ symmetrical equilibrium effort and the contest organizer’s expected...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Hindawi Limited
2019-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2019/9083023 |