Beviá, C. and L. Corchón
Economics Letters – 137 (2015), 32-35

Paraules clau::

Resum: We compare two contest. Decentralized in which there are several independent contests with non overlapping contestants and Centralized in which all contestants fight for a unique prize which is the sum of all prizes in the small contests. We study the relationship between payoffs and efforts between these two contests.