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Konrad (2007) - Strategy In Contests-An Introduction (view source)
Revision as of 19:15, 29 September 2020
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{{Article
|Has page=Konrad (2007) - Strategy In Contests-An Introduction
|Has bibtex key=
|Has article title=Strategy In Contests-An Introduction
|Has author=Konrad
|Has year=2007
|In journal=
|In volume=
|In number=
|Has pages=
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*This page is referenced in [[BPP Field Exam Papers]]
==Reference(s)==
Konrad, Kai A. (2007), "Strategy in Contests-An Introduction", WZB-Markets and Politics Working Paper No. SP II 2007-01, [http://papers.ssrn.com/sol3/papers.cfm?abstract_id=960458 link] [http://www.edegan.com/pdfs/Konrad%20(2007)%20-%20Strategy%20in%20Contests-An%20Introduction.pdf pdf]
===Additive Noise===
Consider a problem with two risk neutral contestants where the observation of effort is based on the actual effort plus some idiosyncratic noise, that is <math>x_i + \epsilon_i \forall i \,</math> is observed. Letting <math>\epsilon = \epsilon_2 - \epsilon_1 \,</math> we can write the contest success function as:
<math>
