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Title: |
Two-Stage Contests with Additive Carryovers |
| Author: |
Lee, Sanghack |
| Author
Affiliation: |
Kookmin U |
| Source: |
International Economic Journal, Spring 2003, v. 17, no. 1, pp. 83-99 |
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Publication Date: |
Spring 2003 |
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Abstract: |
This paper
examines two-stage contests in which players in two groups compete for a
prize. In the first stage, each group selects a finalist through
intra-group competition. In the second stage the finalists compete for
the prize. The first-stage efforts are carried over to the second stage
through the contest success function and cost functions. The carryover
of efforts proves to increase aggregate efforts when the carryovers are
player-specific. In the case of group-specific carryovers, however, the
aggregate efforts may either increase or decrease in the carryover
rates, depending upon the value of the exponent R of the contest success
function. |
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