Are Sequential Round-Robin Tournaments Discriminatory? von Marco Sahm | ISBN 9783943153408

Are Sequential Round-Robin Tournaments Discriminatory?

von Marco Sahm
Buchcover Are Sequential Round-Robin Tournaments Discriminatory? | Marco Sahm | EAN 9783943153408 | ISBN 3-943153-40-1 | ISBN 978-3-943153-40-8

Are Sequential Round-Robin Tournaments Discriminatory?

von Marco Sahm
I examine sequential round-robin tournaments with three and four symmetric players. Each player is matched once with each other player. If the matches are organized as Tullock contests (all-pay auctions), the tournament will be almost fair (highly discriminatory): subject to the position of their matches in the sequence of the tournament, the differences in players’ ex-ante winning probabilities and expected payoffs will be small (large). The differing results originate from the higher discriminating power of the all-pay auction. Moreover, the resulting discouragement effect in tournaments with allpay auctions implies lower aggregate effort than in tournaments with suitable Tullock contests. The fairness of round-robin tournaments maybe improved by the use of an endogenous sequence of matches or the requirement that players fix their effort ex-ante.