OPTIMAL PRICE OF ENTRY INTO A COMPETITION
A continuum of contestants are choosing whether to enter a competition. Each contestant has a type, and of those who enter, the ones with highest types receive prizes. A profit‐maximizing firm controls entry, and charges a price for it. I show that an increase in the value of each prize leads the fi...
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| Veröffentlicht in: | Economic inquiry 2021-01, Vol.59 (1), p.280-286 |
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| 1. Verfasser: | |
| Format: | Artikel |
| Sprache: | eng |
| Online-Zugang: | Volltext |
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