Is everything relative? A survey of the theory of matching tournaments

Ed Hopkins*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract / Description of output

This paper surveys the theory of matching tournaments, and shows how they can be used to understand how the social environment influences economic decision making. Matching tournaments are games in which players choose efforts or investments before entering a matching market in which attractiveness depends on these investments. This results in rat-race like competition even in large populations, inducing a concern for relative position and resulting in higher effort than in the absence of competition. However, when both sides of the market invest, the result surprisingly can be socially efficient. Applications and extensions are discussed.
Original languageEnglish
Number of pages27
JournalJournal of Economic Surveys
Early online date26 Apr 2022
Publication statusE-pub ahead of print - 26 Apr 2022

Keywords / Materials (for Non-textual outputs)

  • externalities
  • games
  • inequality
  • matching
  • tournaments


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