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Tullock contests of weakly heterogeneous players

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  • Dmitry Ryvkin

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Abstract

I explore asymmetric equilibria in a Tullock contest of heterogeneous players in the case when the players’ heterogeneity is weak, and the effort optimization problem can be analyzed in the linear approximation. With increasing discriminatory power of the contest, players sequentially drop out. The corresponding threshold values of the discriminatory power are related to those identified earlier for a Tullock contest of identical players. Weak heterogeneity, however, is sufficient to make the players’ behavior strongly asymmetric and qualitatively alter the structure of the equilibria as compared to the homogeneous case. Copyright Springer Science+Business Media, LLC 2007

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File URL: http://hdl.handle.net/10.1007/s11127-006-9133-x
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Bibliographic Info

Article provided by Springer in its journal Public Choice.

Volume (Year): 132 (2007)
Issue (Month): 1 (July)
Pages: 49-64

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Handle: RePEc:kap:pubcho:v:132:y:2007:i:1:p:49-64

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Web page: http://www.springerlink.com/link.asp?id=100332

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Keywords: Contests; Rent-seeking; Heterogeneous players;

References

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Cited by:
  1. Timothy N. Cason & William A. Masters & Roman M. Sheremeta, 2010. "Entry Into Winner-Take-All And Proportional-Prize Contests:An Experimental Study," Purdue University Economics Working Papers 1231, Purdue University, Department of Economics.
  2. Giuseppe Dari-Mattiacci & Eric Langlais & Bruno Lovat & Francesco Parisi, 2013. "Asymmetries in Rent-Seeking," EconomiX Working Papers 2013-5, University of Paris West - Nanterre la Défense, EconomiX.
  3. Loukas Balafoutas & Glenn Dutcher & Florian Lindner & Dmitry Ryvkin, 2012. "The optimal allocation of prizes in tournaments of heterogeneous agents," Working Papers 2012-08, Faculty of Economics and Statistics, University of Innsbruck.

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