What is it about?
We explore the price and reserve effect in crowdsourcing contests using a randomized field experiment.
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Why is it important?
The results inform contest and all-pay auction theory, as well as practitioners seeking to optimally design their crowdsourcing platform.
Perspectives
We find that a higher reward induces significantly more submissions and submissions of higher quality. In comparison, we find that high-quality users are significantly less likely to enter tasks where a high-quality solution has already been submitted, resulting in lower overall quality in subsequent submissions in such soft reserve treatments.
Professor Yan Chen
University of Michigan
Read the Original
This page is a summary of: Crowdsourcing with All-Pay Auctions: A Field Experiment on Taskcn, Management Science, August 2014, INFORMS,
DOI: 10.1287/mnsc.2013.1845.
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