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| Semester | fall semester 2022 |
| Course frequency | Every fall sem. |
| Lecturers | Cédric Wasser (c.wasser@unibas.ch, Assessor) |
| Content | A contest describes a situation where several individuals compete for one or several prizes by investing resources that cannot be recovered, regardless of the outcome of the competition. Contest theory analyzes such situations with the help of economic models and game theory. Many different economic interactions can be modeled as a contest: for example, advertising, research and development, public procurement, relative reward schemes in firms, political competition, lobbying, sports, and military conflicts. Contest theory uncovers common principles underlying different contest situations, offers explanations for observed phenomena, and may guide the optimal design of contests. This course provides an introduction to contest theory. Key concepts and results are developed, and various applications are discussed. |
| Learning objectives | The course gives students an overview of contest theory. They know the key theoretical concepts and results as well as their application to specific examples. |
| Bibliography | Konrad, K. A. (2009) "Strategy and Dynamics in Contests", Oxford University Press. Vojnovic, M. (2016) "Contest Theory: Incentive Mechanisms and Ranking Methods", Cambridge University Press. |
| Weblink | Weblink |
| Admission requirements | Students are expected to have basic knowledge of microeconomics and game theory. |
| Course application | Registration: Please enrol in the Online Services before the course starts. EUCOR-Students and students of other Swiss Universities have to enrol at the students administration office (studseksupport1@unibas.ch) within the official enrolment period. In order to get access to ADAM in time, it is best to enrol before the course starts though. Enrolment = Registration for the exam! |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Interval | Weekday | Time | Room |
|---|---|---|---|
| wöchentlich | Friday | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Modules |
Modul: Specific Electives in Economics (Master's Studies: Business and Economics) Module: Electives (Master's Studies: Business and Economics (Start of studies before 01.08.2021)) Module: Field Electives in Economics and Public Policy (Master's Studies: Economics and Public Policy) |
| Assessment format | record of achievement |
| Assessment details | Date exam: 10.01.23; 9:15-10:45. DSBG Sporthalle: A-Z. For this exam you will still receive additional information by email. You would have to be on site at least 30 minutes before the exam starts. The addresses of the examination rooms can be found here: https://wwz.unibas.ch/de/studium/pruefungen/vorlesungs-und-pruefungsraeume/ |
| Assessment registration/deregistration | Reg.: course registration, dereg: cancel course registration |
| Repeat examination | no repeat examination |
| Scale | 1-6 0,1 |
| Repeated registration | as often as necessary |
| Responsible faculty | Faculty of Business and Economics , studiendekanat-wwz@unibas.ch |
| Offered by | Faculty of Business and Economics |