【主讲】David Pérez-Castrillo (Universitat Autònoma de Barcelona)
【时间】2012年8月24日 (周五) 15：30-17：00
【地点】best365中国官方网站楼801室
【语言】英文
【摘要】We study innovation contests with asymmetric information and identical agents, where contestants' efforts and innate abilities generate inventions of varying qualities. The designer offers a reward to the contestant achieving the highest quality and receives the revenue generated by the innovation. We characterize the equilibrium behavior, outcomes and payoffs for both nondiscriminatory and discriminatory (where the reward is agent-dependent) contests. We derive conditions under which discrimination is optimal and describe settings where they are satisfied.
