Contests & Conflict | 07/28/2021 | 06:00 PM
Simple Equilibria in General Contests

Speaker: Oliver Guertler

Date & Time: Cincinnati (12 pm), Los Angeles (9 am), Bath (5 pm), Munich (6 pm), Singapore (July 29, 12 am), Beijing (July 29, 12 am) and Sydney (July 29, 2 am)

Oliver Guertler will present his paper titled "Simple Equilibria in General Contests" (joint work with Spencer Bastani and Thomas Giebe).

Abstract of the paper:
We show how symmetric equilibria emerge in general two-player contests in which skill and effort are combined to produce output according to a general production technology and players have skills drawn from different distributions. We also show how contests with heterogeneous production technologies, cost functions and prizes can be analyzed in a surprisingly simple manner using a transformed contest that has a symmetric equilibrium. Our paper provides intuition regarding how the contest components interact to determine the incentive to exert effort, sheds new light on classic comparative statics results, and discusses the implications for the optimal composition of teams.

Chair: Dan Kovenock, Co-Chair: Iryna Topolyan

Contact Person

Event Team

Max-Planck-Institut für Steuerrecht und Öffentliche Finanzen

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