Download This PaperTullock Contest with Desert Concerns
19 Pages Posted: 5 Oct 2023
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Tullock Contest with Desert Concerns
Number of pages: 19
Posted: 05 Oct 2023
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Tullock Contest with Desert Concerns
Ca' Foscari University of Venice, Dept. of Economics Research Paper Series No. 31
Number of pages: 20
Posted: 24 Jan 2024
Last Revised: 24 Feb 2024
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Abstract
We study the Tullock contest model with desert concerns (Gill and Stone (2010)). In a contest with n possibly heterogeneous players and convex effort costs, we establish the conditions necessary for a unique Nash equilibrium in pure strategies. Subsequently, we analyze the impact of desert concerns on players’ spending behavior, probability of winning, and rent dissipation.
Keywords: rent-seeking, contest, asymmetry, desire to win, loss aversion
Suggested Citation: Suggested Citation
Fallucchi, Francesco and Trevisan, Francesco, Tullock Contest with Desert Concerns. Available at SSRN: https://ssrn.com/abstract=4593648 or http://dx.doi.org/10.2139/ssrn.4593648
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