Large Contests

Wojciech Olszewski; Ron Siegel

doi:10.3982/ECTA11696

Large Contests

Wojciech Olszewski, Ron Siegel

Economics

Research output: Contribution to journal › Article › peer-review

45 Scopus citations

Abstract

We consider contests with many, possibly heterogeneous, players and prizes, and show that the equilibrium outcomes of such contests are approximated by the outcomes of mechanisms that implement the assortative allocation in an environment with a single agent that has a continuum of possible types. This makes it possible to easily approximate the equilibria of contests whose exact equilibrium characterization is complicated, as well as the equilibria of contests for which there is no existing equilibrium characterization.

Original language	English (US)
Pages (from-to)	835-854
Number of pages	20
Journal	Econometrica
Volume	84
Issue number	2
DOIs	https://doi.org/10.3982/ECTA11696
State	Published - Mar 1 2016

All Science Journal Classification (ASJC) codes

Economics and Econometrics

Access to Document

10.3982/ECTA11696

Cite this

@article{5145a9138bae4961b6a57fe1e960c3e8,

title = "Large Contests",

abstract = "We consider contests with many, possibly heterogeneous, players and prizes, and show that the equilibrium outcomes of such contests are approximated by the outcomes of mechanisms that implement the assortative allocation in an environment with a single agent that has a continuum of possible types. This makes it possible to easily approximate the equilibria of contests whose exact equilibrium characterization is complicated, as well as the equilibria of contests for which there is no existing equilibrium characterization.",

author = "Wojciech Olszewski and Ron Siegel",

note = "Publisher Copyright: {\textcopyright} 2016 The Econometric Society.",

year = "2016",

month = mar,

day = "1",

doi = "10.3982/ECTA11696",

language = "English (US)",

volume = "84",

pages = "835--854",

journal = "Econometrica",

issn = "0012-9682",

publisher = "Wiley-Blackwell",

number = "2",

}

TY - JOUR

T1 - Large Contests

AU - Olszewski, Wojciech

AU - Siegel, Ron

PY - 2016/3/1

Y1 - 2016/3/1

N2 - We consider contests with many, possibly heterogeneous, players and prizes, and show that the equilibrium outcomes of such contests are approximated by the outcomes of mechanisms that implement the assortative allocation in an environment with a single agent that has a continuum of possible types. This makes it possible to easily approximate the equilibria of contests whose exact equilibrium characterization is complicated, as well as the equilibria of contests for which there is no existing equilibrium characterization.

AB - We consider contests with many, possibly heterogeneous, players and prizes, and show that the equilibrium outcomes of such contests are approximated by the outcomes of mechanisms that implement the assortative allocation in an environment with a single agent that has a continuum of possible types. This makes it possible to easily approximate the equilibria of contests whose exact equilibrium characterization is complicated, as well as the equilibria of contests for which there is no existing equilibrium characterization.

UR - http://www.scopus.com/inward/record.url?scp=84961267013&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84961267013&partnerID=8YFLogxK

U2 - 10.3982/ECTA11696

DO - 10.3982/ECTA11696

M3 - Article

AN - SCOPUS:84961267013

SN - 0012-9682

VL - 84

SP - 835

EP - 854

JO - Econometrica

JF - Econometrica

IS - 2

ER -

Large Contests

Abstract

All Science Journal Classification (ASJC) codes

Access to Document

Other files and links

Fingerprint

Cite this