Sentence examples for optimal contest from inspiring English sources

In the unconstrained case, the optimal contest is equivalent to a first price all-pay auction with a reserve price.

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.

Further, sensible conditions are identified under which the optimal contest implements either a "handicapping" scheme (by preferentially subsidizing the "underdog") or a "national champion" scheme (by favoring the "favorite").

We give a theory for optimal crowdsourcing contests that mirrors the theory of optimal auction design: the optimal crowdsourcing contest is a virtual valuation optimizer (the virtual valuation function depends on the distribution of contestant skills and the number of contestants).

We study the design and approximation of optimal crowdsourcing contests.

A value weighted contest is optimal in the concave case.

This paper studies the optimal design of R&D contests.

The optimal audit mechanism creates a contest exploiting the strategic interdependencies between the firms, where the probability of winning (not being audited) for each firm depends on costly efforts (their taxable emissions reports).

We compare the optimal set of rules in contests under such an objective to the one under maximization of the sum of contestants' efforts, which is commonly assumed in the literature, and find that it may be beneficial to exclude weak contestants, unlevel the playing field, and weaken the underdog.

Optimal designs for different classes of contest technologies are computed and characterized.

When the contest is optimally designed, we establish a structural equivalence between this family of noisy-ranking contests and contests built upon Tullock contest success functions.