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A generalized Tullock contest

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Author Info

  • Subhasish M. Chowdhury

    ()
    (School of Economics, University of East Anglia)

  • Roman M. Sheremeta

    ()
    (Argyros School of Business and Economics, Chapman University)

Abstract

We construct a generalized Tullock contest under complete information where contingent upon winning or losing, the payoff of a player is a linear function of prizes, own effort, and the effort of the rival. This structure nests a number of existing contests in the literature and can be used to analyze new types of contests. We characterize the unique symmetric equilibrium and show that small parameter modifications may lead to substantially different types of contests and hence different equilibrium effort levels.

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Bibliographic Info

Paper provided by Chapman University, Economic Science Institute in its series Working Papers with number 10-08.

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Length: 14 pages
Date of creation: Mar 2010
Date of revision:
Handle: RePEc:chu:wpaper:10-08

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Keywords: rent-seeking; contest; spillover;

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  19. Sheremeta, Roman M., 2010. "Experimental comparison of multi-stage and one-stage contests," Games and Economic Behavior, Elsevier, vol. 68(2), pages 731-747, March.
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Citations

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Cited by:
  1. Gregor, Martin, 2012. "Contest for power in organizations," Economics Letters, Elsevier, vol. 114(3), pages 280-283.
  2. Subhasish M. Chowdhury & Roman M. Sheremeta, 2010. "Multiple Equilibria in Tullock Contests," University of East Anglia Applied and Financial Economics Working Paper Series 014, School of Economics, University of East Anglia, Norwich, UK..
  3. David Gill & Rebecca Stone, 2006. "Fairness and Desert in Tournaments," Economics Series Working Papers 279, University of Oxford, Department of Economics.
  4. Lacomba, Juan A. & Lagos, Francisco & Reuben, Ernesto & van Winden, Frans, 2013. "On the Escalation and De-Escalation of Conflict," IZA Discussion Papers 7492, Institute for the Study of Labor (IZA).
  5. Christian Rusche, 2011. "Does Delegation Help to Prevent Spiteful Behavior?," Ruhr Economic Papers 0270, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
  6. Subhashish Modak Chowdhury & Roman M. Sheremeta, 2009. "The equivalence of contests," Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) 09-06, School of Economics, University of East Anglia, Norwich, UK..

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