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non-linear demand) in which entry increases efficiency is provided as well. …
Persistent link: https://www.econbiz.de/10005371163
We examine a problem with n players each facing the same binary choice. One choice is superior to the other. The simple assumption of competition - that an individual’s payoff falls with a rise in the number of players making the same choice, guarantees the existence of a unique symmetric...
Persistent link: https://www.econbiz.de/10005178741
that (a) contest entry and rent-seeking expenditures increase with the size of the prize and (b) earnings are equalized …
Persistent link: https://www.econbiz.de/10010593368