Dechenaux, Emmanuel; Kovenock, Dan; Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2014
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 … canonical contests. First, we review studies investigating the basic structure of contests, including the number of players and …