Chowdhury, Subhashish Modak; Sheremeta, Roman M. - School of Economics, University of East Anglia - 2009
We use a Tullock-type contest model to show that intuitively and structurally different contests can be strategically and revenue equivalent to each other. We consider a two-player contest, where outcome-contingent payoffs are linear functions of prizes, own effort, and the effort of the rival....