In a crowdsourcing contest a requester posts a task (eg logo design, programming task) on a
platform and announces a monetary reward that he is willing to pay for a winning solution …

Motivated by the prevalence of economic targets at all levels of territory administration in
China, this article proposes a Tullock contest model to study optimal target setting in a multi …

Contests are a pervasive fact of life, both in the human and the non-human spheres. Frank
Knight (1935, p. 301) saw games of contest as an essential feature of economic life:'The …

In this article, I quantify the extent to which lobbying expenditures by firms affect policy
enactment. To achieve this end, I construct a novel dataset containing all federal energy …

This paper studies the effects of campaign spending limits on the political entry, selection,
and behavior of local politicians in Brazil. We analyze a reform that limits campaign …

Competitive situations resembling contests are ubiquitous in modern economic landscape.
In a contest, economic agents expend costly effort to vie for limited prizes, and they are …

Driven by globalization, the COVID-19 outbreak has severely impacted global transport and
logistics systems. To better cope with this globalization crisis, the Belt and Road Initiative …

The Coase theorem is one of the most influential and controversial ideas to emerge from
post–World War II economics. This article examines the theorem's origins, diffusion, and the …

The heterogeneous abilities of players in various competitive contexts often lead to
undesirable outcomes such as low effort provision, a lack of diversity, and inequality. A …

Contest functions (alternatively, contest success functions) determine probabilities of
winning and losing as a function of contestants' effort. They are used widely in many areas of …