{"title":"无序成本不对称的全报酬竞争:一个实验研究","authors":"Yohanes E. Riyanto , Siqiang Yang , Feng Zhu","doi":"10.1016/j.jebo.2025.107131","DOIUrl":null,"url":null,"abstract":"<div><div>This paper presents a laboratory experiment investigating contest design and contestant behavior in settings where participants have different cost functions and regions of advantage, a topic that is relatively unexplored. Utilizing lab experiments based on Siegel’s (2009, 2010) models, we discover that bidding strategies and payoffs largely follow theoretical predictions. The weakest contestants tend to over-participate due to their cost advantage in low-bid regions. Adding a prize or increasing the prize value benefits stronger participants and increases the designer’s revenue. While decreasing the number of contestants also favors stronger participants, the designer’s revenue decrease in response.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"236 ","pages":"Article 107131"},"PeriodicalIF":2.3000,"publicationDate":"2025-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"All-pay contests with unordered cost asymmetry: An experimental study\",\"authors\":\"Yohanes E. Riyanto , Siqiang Yang , Feng Zhu\",\"doi\":\"10.1016/j.jebo.2025.107131\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>This paper presents a laboratory experiment investigating contest design and contestant behavior in settings where participants have different cost functions and regions of advantage, a topic that is relatively unexplored. Utilizing lab experiments based on Siegel’s (2009, 2010) models, we discover that bidding strategies and payoffs largely follow theoretical predictions. The weakest contestants tend to over-participate due to their cost advantage in low-bid regions. Adding a prize or increasing the prize value benefits stronger participants and increases the designer’s revenue. While decreasing the number of contestants also favors stronger participants, the designer’s revenue decrease in response.</div></div>\",\"PeriodicalId\":48409,\"journal\":{\"name\":\"Journal of Economic Behavior & Organization\",\"volume\":\"236 \",\"pages\":\"Article 107131\"},\"PeriodicalIF\":2.3000,\"publicationDate\":\"2025-07-14\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Economic Behavior & Organization\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0167268125002501\",\"RegionNum\":3,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Economic Behavior & Organization","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0167268125002501","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
All-pay contests with unordered cost asymmetry: An experimental study
This paper presents a laboratory experiment investigating contest design and contestant behavior in settings where participants have different cost functions and regions of advantage, a topic that is relatively unexplored. Utilizing lab experiments based on Siegel’s (2009, 2010) models, we discover that bidding strategies and payoffs largely follow theoretical predictions. The weakest contestants tend to over-participate due to their cost advantage in low-bid regions. Adding a prize or increasing the prize value benefits stronger participants and increases the designer’s revenue. While decreasing the number of contestants also favors stronger participants, the designer’s revenue decrease in response.
期刊介绍:
The Journal of Economic Behavior and Organization is devoted to theoretical and empirical research concerning economic decision, organization and behavior and to economic change in all its aspects. Its specific purposes are to foster an improved understanding of how human cognitive, computational and informational characteristics influence the working of economic organizations and market economies and how an economy structural features lead to various types of micro and macro behavior, to changing patterns of development and to institutional evolution. Research with these purposes that explore the interrelations of economics with other disciplines such as biology, psychology, law, anthropology, sociology and mathematics is particularly welcome.