Journal
SOCIAL CHOICE AND WELFARE
Volume 43, Issue 1, Pages 219-238Publisher
SPRINGER
DOI: 10.1007/s00355-013-0762-y
Keywords
-
Categories
Ask authors/readers for more resources
Collective contests are examined permitting heterogeneity of stakes within every competing group. Our first concern is whether unequal distribution of stakes in a group can enhance its win probability. Our second concern is whether a large stake in a group can be individually disadvantageous. We find that if a contest is sufficiently hard for a group, the answers to these questions are positive under plausible conditions. In such situations, monopoly of the private stake is most effective in enhancing the group's performance. Ironically, in the same cases, the welfare of many group members would be negatively related to the size of their individual stake.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available