Properties of contests: Constructing contest success functions from best-responses

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2022-01-01 DOI:10.3934/jdg.2022001

Luis C. Corchón, Marco Serena

引用次数: 0

Abstract

We aim at characterizing the functions that could be explained (recoverable) as a best reply of payoff-maximizing players in contests for a fixed prize. We show that recoverability strongly differs between Decisive Contests, where the prize is allocated with certainty, and Possibly Indecisive Contests, where the prize might not be awarded. In the latter, any arbitrary set of best reply functions is recoverable, thus "anything goes." In the former, best reply functions have to satisfy strong conditions in some cases. We provide an outline of possible applications of our results to R & D and labor markets.

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竞赛性质:从最佳对策构造竞赛成功函数

我们的目标是描述函数的特征，这些函数可以解释为(可恢复的)在争夺固定奖金的比赛中收益最大化的玩家的最佳回答。我们表明，可恢复性在决定性比赛(奖金分配是确定的)和可能不授予奖金的非决定性比赛(可能不授予奖金)之间存在很大差异。在后一种情况下，任意一组最佳回复函数都是可恢复的，因此“一切正常”。在前者中，最佳回复函数在某些情况下必须满足强条件。我们概述了我们的研究结果在研发和劳动力市场上的可能应用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.