This paper studies a large class of imperfectly discriminating contests, referred to as elastic contests, that induce … definite answers regarding the extent of rent dissipation in Tullock contests with intermediate values of the decisiveness …

We conduct an experiment to uncover the reasons behind the typically large behavioral variation and low explanatory … power of Nash equilibrium observed in Tullock contests. In our standard contest treatment, only 7% of choices are consistent … huge behavioral variation typically observed in Tullock contests. …

The category of conflict encompasses not only war but also crime, litigation, strikes and lockouts, and redistributive … politics. Exchange theory and conflict theory constitute two coequal branches of economic analysis, the first based upon … conflict are reviewed. Preferences, opportunities, and perceptions are shown to determine the choice between conflict and …

It is shown that rent-seeking contests with continuous and independent type distributions possess a unique pure …