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econ.TH2024
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…
econ.TH2024
Multi-agent contract design with a budget
Sumit Goel, Wade Hann-Caruthers
We study a multi-agent contract design problem with moral hazard. In our model, each agent exerts costly effort towards an individual task at which it may either succeed or fail, a…