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We develop a model of parallel contests, asymmetric in quantity of homogeneous prizes open to contest, with a finite number of homogeneous risk-neutral bidders assumed to have a linear effort-cost function. We show that at equilibrium the expected effort per capita in the larger contest is...
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We take a real analysis approach to characterize the symmetric mixed-strategy equilibrium (SMSE) of rent-seeking contests for any intermediate value of the decisiveness parameter, allowing for both the ratio-form and the difference-form of contest success functions (CSF) that are axiomatized in...
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We characterize the equilibrium set of the n-player Hirshleifer contest with homogeneous valuations. A symmetric equilibrium always exists. It necessarily corresponds to multilateral peace for sufficient noise and uses finite-support randomized strategies otherwise. Asymmetric equilibria are...
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