Dechenaux, Emmanuel; Kovenock, Dan; Sheremeta, Roman M. - Wissenschaftszentrum Berlin für Sozialforschung (WZB) - 2012
Many economic, political and social environments can be described as contests in which agents exert costly efforts while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all-pay auctions and rankorder tournaments. This survey...