The City Economic Seminar organized by EUSP, HSE, and POMI continues its work online. On October 1, at 18.00, Bas Dietzenbacher from Maastricht University will be presenting his work on how to fairly distribute the total prize fund among the competitors. The title of the report is Fair and consistent prize allocation in competitions. The seminar will be held via Zoom application.
Abstract: Given the final ranking of a competition, how should the total prize endowment be allocated among the competitors? We study consistent prize allocation rules satisfying elementary solidarity and fairness principles. In particular, we axiomatically characterize two families of rules satisfying anonymity, order preservation, and endowment monotonicity, which all fall between the Equal Division rule and the Winner-Takes-All rule. Specific characterizations of rules and subfamilies are directly obtained.
To receive access to the seminar, please send a request to spb.economic.seminar@gmail.com (please indicate your full name and occupation/place of study). Also, indicate your full name when entering Zoom. The number of participants is limited (100 people), join the seminar in 5–10 minutes.