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• W3072378236 abstract "Given the final ranking of a competition, how should the total prize endowment be allocated among the competitors? We study consistent prize allocation rules satisfying elementary solidarity and fairness principles. In particular, we axiomatically characterize several families of rules satisfying anonymity, order preservation, and endowment monotonicity, which all fall between the Equal Division rule and the Winner-Takes-All rule. Specific characterizations of rules and subfamilies are directly obtained. To our knowledge, this paper is the first that develops and motivates prize allocation rules for rank-order competitions directly from axioms." @default.
• W3072378236 created "2020-08-24" @default.
• W3072378236 creator A5004535584 @default.
• W3072378236 creator A5022580799 @default.
• W3072378236 date "2020-08-20" @default.
• W3072378236 modified "2023-09-27" @default.
• W3072378236 title "Fair and consistent prize allocation in competitions" @default.
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• W3072378236 hasPublicationYear "2020" @default.
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