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|Title:||A note on modelling tournaments|
|Source:||Koh, W.T.H. (1992). A note on modelling tournaments. Journal of Economics Zeitschrift für Nationalökonomie 55 (3) : 297-308. ScholarBank@NUS Repository. https://doi.org/10.1007/BF01227662|
|Abstract:||Existing studies on tournaments utilize different specifications of the production function. Comparison of these results is difficult. This paper shows that the strategic behavior of agents in a tournament can be analyzed more generally using a specification of the production function along the lines of the standard agency model. I also show that in mixed contests, the more able contestant would in equilibrium have a higher probability of winning the contest despite attempts to use effort to compensate for ability by the less able contestant (Proposition 3). © 1992 Springer-Verlag.|
|Source Title:||Journal of Economics Zeitschrift für Nationalökonomie|
|Appears in Collections:||Staff Publications|
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