Dobson, Stephen; Goddard, John; Stahler, Frank - Nottingham Trent University, Nottingham Business … - 2008
Empirical applications of the Tullock contest model are rare, due in part to the non-observability of effort. This paper presents an application of the standard Tullock model in a setting where effort can be observed and explained. A simple contest model is used to predict levels of effort in...