Effort Levels in Contests: The Public-Good Prize Case

  • Kyung Hwan Baik

Abstract

We examine the equilibrium individual players’, groups’, and total effort levels expended in a contest where groups compete with one another to win a group-specific public-good prize and the players choose their effort levels simultaneously and independently.

Keywords

Nash Equilibrium Marginal Cost Effort Level Maximization Problem High Valuation 
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Copyright information

© Springer Science+Business Media New York 2001

Authors and Affiliations

  • Kyung Hwan Baik
    • 1
  1. 1.Department of EconomicsAppalachian State UniversityBooneUSA

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