A Generalized Tullock Contest
14 Pages Posted: 8 Feb 2011
Date Written: March 1, 2010
Abstract
We construct a generalized Tullock contest under complete information where contingent upon winning or losing, the payoff of a player is a linear function of prizes, own effort, and the effort of the rival. This structure nests a number of existing contests in the literature and can be used to analyze new types of contests. We characterize the unique symmetric equilibrium and show that small parameter modifications may lead to substantially different types of contests and hence different equilibrium effort levels.
Keywords: rent-seeking, contest, spillover
JEL Classification: C72, D72, D74
Suggested Citation: Suggested Citation
Here is the Coronavirus
related research on SSRN
Recommended Papers
-
Experimental Comparison of Multi-Stage and One-Stage Contests
-
Self-Selection and the Efficiency of Tournaments
By Tor Eriksson, Sabrina Teyssier, ...
-
Self-Selection and the Efficiency of Tournaments
By Tor Eriksson, Sabrina Teyssier, ...
-
Can Groups Solve the Problem of Over-Bidding in Contests?
By Roman M. Sheremeta and Jingjing Zhang
-
A Survey of Experimental Research on Contests, All-Pay Auctions and Tournaments
By Emmanuel Dechenaux, Dan Kovenock, ...
-
The Non-Constant-Sum Colonel Blotto Game
By Brian Roberson and Dmitriy Kvasov
-
Entry into Winner-Take-All and Proportional-Prize Contests: An Experimental Study
By Roman M. Sheremeta, Timothy N. Cason, ...
-
Two-Stage Contests with Budget Constraints: An Experimental Study
By James E. Parco, Wilfred Amaldoss, ...
