Grading on a Curve, and other Effects of Group Size on All-Pay Auctions
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We model contests with a fixed proportion of prizes, such as a grading curve, as all-pay auctions where higher effort weakly increases the likelihood of a prize. We find theoretical predictions for the effect of contest size on effort and test our predictions in a laboratory experiment that compares
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美国国家经济研究局创建时间:
2014-05-01



