A survey of experimental research on contests, all-pay auctions and tournaments View Full Text


Ontology type: schema:ScholarlyArticle      Open Access: True


Article Info

DATE

2015-12

AUTHORS

Emmanuel Dechenaux, Dan Kovenock, Roman M. Sheremeta

ABSTRACT

Many economic, political and social environments can be described as contests in which agents exert costly effort while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all-pay auctions and rank-order tournaments. This survey provides a comprehensive review of experimental research on these three canonical contests. First, we review studies investigating the basic structure of contests, including the number of players and prizes, spillovers and externalities, heterogeneity, risk and incomplete information. Second, we discuss dynamic contests and multi-battle contests. Then we review studies examining sabotage, feedback, bias, collusion, alliances, group contests and gender, as well as field experiments. Finally, we discuss applications of contests and suggest directions for future research. More... »

PAGES

609-669

Journal

TITLE

Experimental Economics

ISSUE

4

VOLUME

18

Identifiers

URI

http://scigraph.springernature.com/pub.10.1007/s10683-014-9421-0

DOI

http://dx.doi.org/10.1007/s10683-014-9421-0

DIMENSIONS

https://app.dimensions.ai/details/publication/pub.1044143666


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821 https://www.grid.ac/institutes/grid.258518.3 schema:alternateName Kent State University
822 schema:name Department of Economics, Kent State University, 44242, Kent, OH, USA
823 rdf:type schema:Organization
 




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