In March 2024, Andrew Smyth, an assistant professor in the economics department, traveled to Dallas, Texas, to present at the Public Choice Society Annual Conference. He presented his paper titled “Stochastic Share Contests.”
Hi paper introduces a novel mechanism for encouraging investment in design competition. In this mechanism, anyone who invests in the competition receives at least some small return. This induces a larger total investment than a mechanism where only the competition’s winner receives a return.