In this paper, we analyze the role of negative prizes in contest design with a fixed budget, risk-neutral contestants, and independent private abilities.
Many of these groups are participating in the X Prize, a contest designed to kick-start passenger travel in space.
Ahead of this week's Asia-Pacific Economic Cooperation Summit in Beijing, Chinese authorities sponsored a contest designed to inspire people to behave nicely on the city's public-transit system.
This series comes with a paradoxical premise: it's a contest designed to raise the profile and confidence of disabled women but makes a spectacle of their hunger for acceptance.
Jon Hamm plays JB Bernstein, a true-life sports management nabob facing an eroding client base; his solution lay east, in staging a talent contest designed to recruit young Indian cricketers as Major League pitchers.
We provide conditions under which the set of equilibria can be restricted and discuss contest design implications.
The latter result is applied to questions of contest design and more general forms of relative performance payment.
I show that the effect of heterogeneity on contest investments depends on the structure of the competition, which implies that heterogeneity matters for optimal contest design.
