We should like to thank two anonymous referees and seminar participants at the University of Tromsø for comments on an early draft, and especially Espen Sirnes for performing the numerical simulations. Clark acknowledges financial support from the Research Council of Norway (Project 172603/V10) and Konrad acknowledges support from the German Science Foundation (DFG grant SFB-TR-15). Errors are our own.
Contests with Multi-tasking*
Article first published online: 28 AUG 2007
The Scandinavian Journal of Economics
Volume 109, Issue 2, pages 303–319, June 2007
How to Cite
Clark, D. J. and Konrad, K. A. (2007), Contests with Multi-tasking*. The Scandinavian Journal of Economics, 109: 303–319. doi: 10.1111/j.1467-9442.2007.00495.x
- Issue published online: 28 AUG 2007
- Article first published online: 28 AUG 2007
- First version submitted August 2005; final version received June 2006.
- Contest design;
- effort incentives
The standard contest model in which participants compete in a single dimension is well understood and documented. Multi-dimension extensions are possible but are liable to increase the complexity of the contest structure, mitigating one of its main advantages: simplicity. In this paper we propose an extension in which competition ensues in several dimensions, and a competitor that wins a certain number of these is awarded a prize. The amount of information needed to run the contest is hence limited to the number of dimensions won by each player. We look at the design of this contest from the point of view of maximising effort in the contest (per dimension and totally), and show that there will be a tendency to run small contests with few dimensions. The standard Tullock model and its results are encompassed by our framework.