The Ponds Dilemma.

Is it better to be a big fish in a small pond or a small fish in a big pond? To find out, we study self‐selection into contests. Our simple model predicts that: (i) entry into the big pond – in terms of show‐up fees, number or value of prizes – is non‐monotonic in ability; (ii) entry into the more m...

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Bibliographic Details

Published in:	Economic Journal Vol. 128; no. 611; pp. 1634 - 1683
Main Authors:	Morgan, John, Sisak, Dana, Várdy, Felix
Format:	Article
Published:	Oxford University Press / USA Jun2018
Subjects:	Contests Prizes (Contests & competitions) Performance evaluation Cumulative distribution function Probability density function Mathematical continuum
Online Access:	View this record in EBSCOhost