Two-stage contests with preferences over style

被引:3
|
作者
Kaplan, Todd R. [1 ,2 ]
Wettstein, David [3 ]
机构
[1] Univ Exeter, Dept Econ, Exeter EX44PU, Devon, England
[2] Univ Haifa, Dept Econ, IL-31905 Haifa, Israel
[3] Ben Gurion Univ Negev, Dept Econ, IL-84105 Beer Sheva, Israel
关键词
Contests; Innovation; All-pay auctions; Mechanism design; ALL-PAY AUCTIONS; MULTISTAGE;
D O I
10.1007/s00199-021-01388-z
中图分类号
F [经济];
学科分类号
02 ;
摘要
Many grant applications have a preliminary stage where only a select group are invited to submit a full application. Similarly, procurement contracts by governments are often awarded through a two-stage procedure. We model and analyze such environments where the designer cares about the style of the application as well as its quality. The designer has the option of choosing an initial stage, where contestants can enter and learn about their desirability while the designer learns about their style. We determine closed form solutions for equilibrium outcomes and designer payoffs and use this to analyze whether or not a second stage is desirable, different rules for deciding who will advance, and whether or not to communicate the number of contestants that qualify for the second stage.
引用
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页码:1141 / 1161
页数:21
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