Charging creators an entry fee and feeding it back into the prize pool can improve content quality at Nash equilibrium, while rank-order and proportional rewards both structurally deter new entrants.
Incentivizing high-quality user-generated content
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Entry Barriers in Content Markets
Charging creators an entry fee and feeding it back into the prize pool can improve content quality at Nash equilibrium, while rank-order and proportional rewards both structurally deter new entrants.