Two-stage contests with preferences over style
| dc.contributor.author | Kaplan, TR | |
| dc.contributor.author | Wettstein, D | |
| dc.date.accessioned | 2021-08-24T09:10:04Z | |
| dc.date.issued | 2021-09-07 | |
| dc.description.abstract | Many grant applications have a preliminary stage where only a select group are invited to submit a full application. Similarly, procurement contracts by governments are often awarded through a two-stage procedure. We model and analyze such environments where the designer cares about the style of the application as well as its quality. The designer has the option of choosing an initial stage, where contestants can enter and learn about their desirability while the designer learns about their style. We determine closed form solutions for equilibrium outcomes and designer payoffs and use this to analyze whether or not a second stage is desirable, different rules for deciding who will advance, and whether or not to communicate the number of contestants that qualify for the second stage. | en_GB |
| dc.description.sponsorship | Author accepted manuscript replaced with published version by Caroline Huxtable on 2021-10-11 | |
| dc.identifier.citation | Published online 7 September 2021 | en_GB |
| dc.identifier.doi | 10.1007/s00199-021-01388-z | |
| dc.identifier.uri | http://hdl.handle.net/10871/126851 | |
| dc.language.iso | en | en_GB |
| dc.publisher | Springer | en_GB |
| dc.rights | © The Author(s) 2021. Open Access. This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article’s Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article’s Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/. | |
| dc.subject | contests | en_GB |
| dc.subject | innovation | en_GB |
| dc.subject | all-pay auctions | en_GB |
| dc.subject | mechanism design | en_GB |
| dc.title | Two-stage contests with preferences over style | en_GB |
| dc.type | Article | en_GB |
| dc.date.available | 2021-08-24T09:10:04Z | |
| dc.identifier.issn | 0938-2259 | |
| dc.description | This is the final version. Available on open access from Springer via the DOI in this record | en_GB |
| dc.identifier.journal | Economic Theory | en_GB |
| dc.rights.uri | https://creativecommons.org/licenses/by/4.0/ | en_GB |
| dcterms.dateAccepted | 2021-08-24 | |
| rioxxterms.version | VoR | en_GB |
| rioxxterms.licenseref.startdate | 2021-08-24 | |
| rioxxterms.type | Journal Article/Review | en_GB |
| refterms.dateFCD | 2021-08-23T19:01:30Z | |
| refterms.versionFCD | AM | |
| refterms.dateFOA | 2021-10-11T13:51:31Z | |
| refterms.panel | C | en_GB |
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Except where otherwise noted, this item's licence is described as © The Author(s) 2021. Open Access. This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article’s Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article’s Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/.