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|Title:||Contest with pre-contest investment|
|Authors:||Fu, Q. |
|Source:||Fu, Q., Lu, J. (2009). Contest with pre-contest investment. Economics Letters 103 (3) : 142-145. ScholarBank@NUS Repository. https://doi.org/10.1016/j.econlet.2009.03.011|
|Abstract:||In a standard noisy contest, more competition (more contestants) leads to lower individual equilibrium effort. We show that when contestants can make pre-contest investment to enhance their competency, neither equilibrium investment nor individual effort is monotonic in the number of contestants. Individual effort may increase with the level of participation. © 2009 Elsevier B.V. All rights reserved.|
|Source Title:||Economics Letters|
|Appears in Collections:||Staff Publications|
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