Economics Research Seminar Series: Jun Zhang
Nonparametric Identification of Tournaments: Ex Ante vs Ex Post Shocks. Associate Prof. Jun Zhang, UTS.
In this paper, we develop a nonparametric identification method for tournament models. We then apply the methods to compare models with ex-ante and ex-post shocks.
We find that the model with ex-post shocks outperforms the one with ex-ante shocks. Counterfactuals on optimal prize structures reveal that choosing the wrong model leads to misleading results.