Abstract
I examine a game-theoretical model of two variants of double-elimination tournaments, and derive the equilibrium behavior of symmetric players and the optimal prize allocation assuming a designer aims to maximize total effort. I compare these theoretical properties to the well-known single-elimination tournament.
Original language | English |
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Pages (from-to) | 116-120 |
Number of pages | 5 |
Journal | Economics Letters |
Volume | 147 |
DOIs | |
Publication status | Published - 1 Oct 2016 |
Externally published | Yes |
Keywords
- Double elimination tournaments
- Optimal prize allocation
- Single elimination tournaments