Step-by-step group contests with group-specific public-good prizes View Full Text


Ontology type: schema:ScholarlyArticle     


Article Info

DATE

2019-03-18

AUTHORS

Katsuya Kobayashi

ABSTRACT

The achievements reached by group members’ effort, which accompanies the possibility of members’ free-riding, affect the outcomes of competition among groups. In some cases, each achievement has the binary characteristic of “one or nothing.” For example, research groups face the challenge of making a scientific finding or not. The groups compete for a scientific breakthrough by making the related findings in a “step-by-step” manner. One finding could fail because of a mistake caused by a slight lack of effort by one member. Such a characteristic of “one or nothing” motivates group members without any incentive scheme. This study analyzes group contests with group-specific public-good prizes, in which we introduce a step function with the characteristics of “one or nothing” and “step-by-step” as a group impact function. We show the existence of the Nash equilibrium at which no group member free-rides on the others and at which more achievements than those reachable by a single member are reached. More... »

PAGES

1-22

Journal

TITLE

Economics of Governance

ISSUE

N/A

VOLUME

N/A

Author Affiliations

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    http://scigraph.springernature.com/pub.10.1007/s10101-019-00224-4

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    http://dx.doi.org/10.1007/s10101-019-00224-4

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