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Grading on a Curve, and other Effects of Group Size on All-Pay Auctions

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NBER2014-05-01 更新2025-01-04 收录
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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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2014-05-01
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