When less is more: rationing and rent dissipation in stochastic contests [electronic resource] / Mar...
When less is more: rationing and rent dissipation in stochastic contests [electronic resource] / Marco Faravelliy and Luca Stancaz.
About this item
Full title
Author / Creator
Publisher
[Brisbane] : School of Economics, University of Queensland, 2010.
Date
2010.
Record Identifier
MMS ID
Language
English
Formats
Physical Description
Physical content
25 p.
Publication information
Publisher
[Brisbane] : School of Economics, University of Queensland, 2010.
Series
Place of Publication
Queensland
Date Published
2010.
Subjects
More information
Scope and Contents
Summary
This paper shows how to maximize revenue when a contest is noisy. We consider a case where two or more contestants bid for a prize in a stochastic contest with proportional probabilities, where all bidders value the prize equally. We show that by fixing the number of tickets, thus setting a limit to total expenditures, it is possible to maximize th...
Alternative Titles
Full title
When less is more: rationing and rent dissipation in stochastic contests [electronic resource] / Marco Faravelliy and Luca Stancaz.
Authors, Artists and Contributors
Author / Creator
Author / Artists
Notes
General note
School of Economics discussion paper series ; no. 412.
Title from title screen (viewed on Jan. 25, 2010).
September 8, 2010.
Includes bibliographical references.
System details note
Mode of access: Internet via the World Wide Web. Available at: http://www.uq.edu.au/economics/abstract/412.pdf.
System requirements: Adobe Acrobat reader to read PDF file.
Contextual Information
Other version (online)
Identifiers
Primary Identifiers
Record Identifier
74VvdAA0l0rA
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/74VvdAA0l0rA
Other Identifiers
DDC
333.012
MMS ID
991005977639702626
