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Persistent link: https://www.econbiz.de/10008596786
I explore asymmetric equilibria in a Tullock contest of heterogeneous players in the case when the players’ heterogeneity is weak, and the effort optimization problem can be analyzed in the linear approximation. With increasing discriminatory power of the contest, players sequentially drop...
Persistent link: https://www.econbiz.de/10005705698