Microeconomics Theory Seminar series | Elimination Tournaments Where Players Have Fixed Resources by Vladimir Smirnov
Invites you to a Microeconomics Theory seminar presented by
(The University of Sydney)
Elimination Tournaments Where Players Have Fixed Resources
2 May 2023
4.00pm – 5.00pm
Zoom: 811 8118 4419
Abstract: We consider T-round elimination tournaments where players have equal endowments instead of cost functions. We provide conditions for the existence and uniqueness of a symmetric equilibrium for a general class of elimination tournaments. We show that the winner-take-all prize scheme and the same number of competitors in each group in each round ensure equal resource allocation across all rounds.