Enhancing effort supply with prize-augmenting entry fees : theory and experiments

• المؤلفون الرئيسيون: Hammond, Robert G., Liu, Bin, Lu, Jingfeng, Riyanto, Yohanes Eko
• مؤلفون آخرون: School of Social Sciences
• التنسيق: مقال
• اللغة: English
• منشور في: 2021
• الموضوعات: Social sciences::Economic theory; All-pay Auctions; Rent-seeking
• الوصول للمادة أونلاين: https://hdl.handle.net/10356/151228

Entry fees are widely observed in contests. We study the effect of a prize-augmenting entry fee on expected total effort in an all-pay auction setting where the contestants' abilities are private information. An entry fee reduces equilibrium entry but can enhance the entrants' effort suppl...