Submission Fees in Risk-Taking Contests

• Tác giả: Mark Whitmeyer
• Ngôn ngữ: eng
• Ký hiệu phân loại: 610.79 Medicine and health
• Thông tin xuất bản: 2021
• Bộ sưu tập: Metadata
• ID: 167710

Tóm tắt

This paper investigates stochastic continuous time contests with a twist: the designer requires that contest participants incur some cost to submit their entries. When the designer wishes to maximize the (expected) performance of the top performer, a strictly positive submission fee is optimal. When the designer wishes to maximize total (expected) performance, either the highest submission fee or the lowest submission fee is optimal.