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This paper provides a different approach to establish the uniqueness of equilibrium in Tullock contests between two players with asymmetric valuations, when the discriminatory power r is between 1 and… Click to show full abstract
This paper provides a different approach to establish the uniqueness of equilibrium in Tullock contests between two players with asymmetric valuations, when the discriminatory power r is between 1 and 2. Our result complements that of Ewerhart (2017) in filling up the remaining gap in the literature on the uniqueness of equilibrium in two-player asymmetric Tullock contests.
Keywords:
tullock contests;
equilibrium two;
uniqueness equilibrium;
discriminatory power
Journal Title: Economics Letters
Year Published: 2017
Link to full text (if available)
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Journal Title: Economics Letters
Year Published: 2017
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!