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

• Main Authors: Hammond, Robert G., Liu, Bin, Lu, Jingfeng, Riyanto, Yohanes Eko
• 其他作者: School of Social Sciences
• 格式: Article
• 語言: English
• 出版: 2021
• 主題: Social sciences::Economic theory; All-pay Auctions; Rent-seeking
• 在線閱讀: 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...