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- W3126090711 abstract "We study two-player all-pay contests in which there is a positive probability of a tied outcome. We show that the players' efforts in equilibrium do not depend on the expected prize in the case of a tie given that this prize is smaller than the prize for winning. The implications of this result are twofold. First, in symmetric one-stage contests, the designer who wishes to maximize the expected total effort should not award a prize in the case of a tie which is larger than one-third of the prize for winning. Second, in multi-stage contests, the designer should not limit the number of stages (tie-breaks) but should allow the contest to continue until a winner is decided." @default.
- W3126090711 created "2021-02-01" @default.
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- W3126090711 date "2007-12-07" @default.
- W3126090711 modified "2023-09-29" @default.
- W3126090711 title "Contests with Ties" @default.
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- W3126090711 doi "https://doi.org/10.2202/1935-1704.1398" @default.
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