Information in Tullock contests
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DOI: 10.1007/s11238-018-9682-8
Abstract: In Tullock contests in which the common value of the prize is uncertain and the elasticity of the marginal cost of effort is increasing (decreasing), the effect of changes of players’ information on the equilibrium… read more here.
Keywords: information; tullock contests; player; expected effort ... See more keywords
Uniqueness of equilibrium in two-player asymmetric Tullock contests with intermediate discriminatory power
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DOI: 10.1016/j.econlet.2017.07.017
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… read more here.
Keywords: tullock contests; equilibrium two; uniqueness equilibrium; discriminatory power ... See more keywords
Optimally biased Tullock contests
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DOI: 10.1016/j.jmateco.2020.10.004
Abstract: Abstract This paper examines optimally biased Tullock contests. We consider a multi-player Tullock contest in which players differ in their prize valuations. The designer is allowed to impose identity-dependent treatments – i.e., multiplicative biases –… read more here.
Keywords: optimally biased; tullock contests; biased tullock; tullock ... See more keywords