Abstract
The paper applies multi-prize contest theory to explore the connection between scarcity of prizes and intensity of competition. Equilibrium levels of effort are compared across contests that differ in the number of prizes and in which the utility of winning or losing is influenced by the relative numbers of winners and losers. Application to the study of socioeconomic competition is discussed.
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Published version (
Free)
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
