Research tournaments are Tullock contests and hence WTA is optimal

A classic paper of "research tournaments" by Fullerton and McAfee (1999) assumes a single prize (by design). Hoppe-Wewetzer and Wagener (2019) show that a Fullerton–McAfee "research tournament" with multiple prizes is strategically equivalent to a (nested) multi-prize Tullock contest. It is known that Tullock contests are strategically equivalent to "effort+noise" contests with Gumbel noise and … Continue reading Research tournaments are Tullock contests and hence WTA is optimal