논문목차

논문목차

Perfect-Substitutes, Best-Shot, and Weakest-Link Contests between Groups
  • Author
    Roman M. Sheremeta (Chapman University)
  • Year
    2011
  • Volume
    Vol.27
  • Number
    No.1
  • This experiment investigates contests between groups. Each group has one strong player,
    with a higher valuation for the prize, and two weak players, with lower valuations. In
    contests where individual efforts are perfect substitutes, all players expend significantly
    higher efforts than predicted by theory. In best-shot contests, where group performance
    depends on the best performer, most of the effort is expended by strong players while weak
    players free-ride. In weakest-link contests, where group performance depends on the worst
    performer, there is almost no free-riding and all players expend similar positive efforts
    conforming to the group Pareto dominant equilibrium.
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