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A fairly general contest model is presented.
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In this paper, we study effort-maximizing contest design under the "reverse" nested lottery contest model of Fu et al. (2014) — which is the "mirror image" of the conventional nested lottery contest of Clark and Riis (1996).
We show that the Tullock contest model and the first-prize sealed-bid auction model are obtained as special cases.
They've crowded out the non-contest model.
Out of four contesting models, Ohlson's original model outperforms other three contesting models.
Amongst the contesting models, the new bankruptcy prediction model outperforms other models.
The AUROC for new model is.985 which is higher than other contesting models.
Amongst the contesting models, the new proposed model outperforms while predicting bankruptcy for Indian manufacturing companies.
Hence, we can say this model is the most appropriate model among contesting models for prediction of the corporate failure for Indian manufacturing firms.
From the results, it is clear that new model shows the best results as compare to other contesting models in application to the control.
a General ASF model.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com