| Budget Amount *help |
¥390,000 (Direct Cost: ¥300,000、Indirect Cost: ¥90,000)
Fiscal Year 2017: ¥130,000 (Direct Cost: ¥100,000、Indirect Cost: ¥30,000)
Fiscal Year 2016: ¥130,000 (Direct Cost: ¥100,000、Indirect Cost: ¥30,000)
Fiscal Year 2015: ¥130,000 (Direct Cost: ¥100,000、Indirect Cost: ¥30,000)
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| Outline of Final Research Achievements |
This project studies the role of handicaps in economic competition such as rank-order tournaments where the winner is determined by the relative performance level of each competitor. Specifically, the project has looked at the optimal design of handicaps by a tournament organizer who wants to have the agent with the highest ability win, and the effect of handicapping by an outsider who wants to jump on a band wagon through the provision of pecuniary and other support to a competitor.
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