4 papers · 1 filter
Feedback in Dynamic Contests: Theory and Experiment
Sumit Goel, Yiqing Yan, Jeffrey Zeidel
We study the effect of interim feedback policies in a dynamic all-pay auction where two players bid over two stages to win a common-value prize. We show that sequential equilibrium…
Swap Bounded Envy
Federico Echenique, Sumit Goel, SangMok Lee
We study fairness in the allocation of discrete goods. Exactly fair (envy-free) allocations are impossible, so we discuss notions of approximate fairness. In particular, we focus o…
An efficiency ordering of k-price auctions under complete information
Sumit Goel, Jeffrey Zeidel
We study -price auctions in a complete information environment and characterize all pure-strategy Nash equilibrium outcomes. In a setting with agents having ordered valuatio…
The effect of competition in contests: A unifying approach
Andrzej Baranski, Sumit Goel
We study how increasing competition, by making prizes more unequal, affects effort in contests. In a finite type-space environment, we characterize the equilibrium, analyze the eff…