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A generalized Tullock contest

  • Subhasish M. Chowdhury

    ()

    (School of Economics, University of East Anglia)

  • Roman M. Sheremeta

    ()

    (Argyros School of Business and Economics, Chapman University)

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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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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  19. Amegashie, J Atsu, 1999. " The Number of Rent-Seekers and Aggregate Rent-Seeking Expenditures: An Unpleasant Result," Public Choice, Springer, vol. 99(1-2), pages 57-62, April.
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