吴泽南副教授与合作者的研究成果发表于《theoretical economics》
近日，北京大学市场经济研究中心研究员吴泽南副教授与合作者的研究成果《on the optimal design of biased contests 》在国际期刊《theoretical economics》2020年第4期正式发表。
abstract: this paper explores the optimal design of biased contests. a designer imposes an identity‐dependent treatment on contestants that varies the balance of the playing field. a generalized lottery contest typically yields no closed‐form equilibrium solutions, which nullifies the usual implicit programming approach to optimal contest design and limits analysis to restricted settings. we propose an alternative approach that allows us to circumvent this difficulty and characterize the optimum in a general setting under a wide array of objective functions without solving for the equilibrium explicitly. our technique applies to a broad array of contest design problems, and the analysis it enables generates novel insights into incentive provisions in contests and their optimal design. for instance, we demonstrate that the conventional wisdom of leveling the playing field, which is obtained in limited settings in previous studies, does not generally hold.
