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• W3183669603 abstract "We study competition among contests in a general model that allows for an arbitrary and heterogeneous space of contest design, where the goal of the contest designers is to maximize the contestants' sum of efforts. Our main result shows that optimal contests in the monopolistic setting (i.e., those that maximize the sum of efforts in a model with a single contest) form an equilibrium in the model with competition among contests. Under a very natural assumption these contests are in fact dominant, and the equilibria that they form are unique. Moreover, equilibria with the optimal contests are Pareto-optimal even in cases where other equilibria emerge. In many natural cases, they also maximize the social welfare." @default.
• W3183669603 created "2021-08-02" @default.
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• W3183669603 date "2021-07-28" @default.
• W3183669603 modified "2023-10-18" @default.
• W3183669603 title "From Monopoly to Competition: Optimal Contests Prevail" @default.
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• W3183669603 doi "https://doi.org/10.13140/rg.2.2.11070.20807" @default.
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