Contest theory, very much like auction theory, studies how people act in a contest and the properties of such a competition. There is a large literature that investigates different aspects of the contest, including efficiency, participation, total effort. However, while I am aware of many examples in which auction theory has been then applied to design real-world auctions, I have found no examples of contest theory being applied to design real-world contests.

  • $\begingroup$ Did you mean applying contest theory to design or analyze real-world contests? $\endgroup$
    – Herr K.
    Sep 27 '19 at 18:50
  • $\begingroup$ @HerrK. Hi, yes. $\endgroup$
    – mrb
    Sep 27 '19 at 18:56
  • 1
    $\begingroup$ I mean to design. $\endgroup$
    – mrb
    Sep 27 '19 at 18:58

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