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arXiv 1802.04669cs.GT
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最优序贯竞争

Optimal Sequential Contests

Toomas Hinnosaar

摘要:

我研究的是连续性竞赛,在这种竞赛中,早期参与者的努力可能会被自然或设计地透露给后来的参与者。该模型有一系列的应用,包括寻租,R&D,寡头垄断,公共物品的提供,和公地悲剧。我证明了关于其他参与者努力的信息会增加总努力。因此,在完全透明的情况下,总的努力是最大的,而在不透明的情况下,总的努力是最小的。我还表明,除了先动优势,还有一个先行优势。最后,我得出了大型比赛的限制。

英文摘要:

I study sequential contests where the efforts of earlier players may be disclosed to later players by nature or by design. The model has a range of applications, including rent seeking, R&D, oligopoly, public goods provision, and tragedy of the commons. I show that information about other players' efforts increases the total effort. Thus, the total effort is maximized with full transparency and minimized with no transparency. I also show that in addition to the first-mover advantage, there is an earlier-mover advantage. Finally, I derive the limits for large contests.

机构、总结、中文摘要均由AI分析而来,可能存在错误,请以论文正文为准。

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