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We consider a variant of the Tullock rent-seeking contest. Under symmetric information we determine equilibrium … the distribution costs are drawn from and on the exact specification of the contest success function. …
Persistent link: https://www.econbiz.de/10003950459
We consider a variant of the Tullock rent-seeking contest. Under symmetric information we determine equilibrium … the distribution costs are drawn from and on the exact specification of the contest success function. …
Persistent link: https://www.econbiz.de/10010334145
We consider a variant of the Tullock rent-seeking contest. Under symmetric information we determine equilibrium …
Persistent link: https://www.econbiz.de/10010270753
We consider a general class of imperfectly discriminating contests with privately informed players. We show that findings by Athey (2001) imply the existence of a Bayesian Nash equilibrium in monotone pure strategies.
Persistent link: https://www.econbiz.de/10008822063
We consider a general class of imperfectly discriminating contests with privately informed players. We show that findings by Athey (2001) imply the existence of a Bayesian Nash equilibrium in monotone pure strategies.
Persistent link: https://www.econbiz.de/10010333804
We consider a general class of imperfectly discriminating contests with privately informed players. We show that findings by Athey (2001) imply the existence of a Bayesian Nash equilibrium in monotone pure strategies.
Persistent link: https://www.econbiz.de/10008490447
This paper studies a contest in which players with unobservable types may form an alliance in a pre-stage of the game … effort choice in the contest and there exist equilibria in which all types prefer to form an alliance. If the formation of an …
Persistent link: https://www.econbiz.de/10010487890
This paper studies a contest in which players with unobservable types may form an alliance in a pre-stage of the game … effort choice in the contest and there exist equilibria in which all types prefer to form an alliance. If the formation of an …
Persistent link: https://www.econbiz.de/10010487967
In a society composed of a ruler and its citizens: what are the determinants of the political equilibrium between these two? This paper approaches this problem as a game played between a ruler who has to decide the distribution of the aggregate income and a group of agents/citizens who have the...
Persistent link: https://www.econbiz.de/10011324912
I study sequential contests where the efforts of earlier players may be disclosed to later players by nature or by design. The model has many applications, including rent seeking, R&D, oligopoly, public goods provision, and tragedy of the commons. I show that information about other players'...
Persistent link: https://www.econbiz.de/10014536866