We consider a multi-winner nested elimination contest in which losers are sequentially eliminated to attain the set of winners. This is a variant of a widely used mechanism introduced by Clark and Riis (1996) that allows one to select the winners sequentially. We show that the current mechanism becomes equivalent to the mechanism suggested by Berry (1993) in which the winners are chosen simultaneously.
All Science Journal Classification (ASJC) codes
- Economics and Econometrics