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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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  11. Konrad, Kai A., 2009. "Strategy and Dynamics in Contests," OUP Catalogue, Oxford University Press, number 9780199549603.
  12. Roman M. Sheremeta, 2009. "Experimental Comparison of Multi-Stage and One-Stage Contests," Working Papers 09-04, Chapman University, Economic Science Institute.
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  17. Alexander Matros & Daniel Armanios, 2007. "Tullock's Contest with Reimbursements," Working Papers 328, University of Pittsburgh, Department of Economics, revised Sep 2008.
  18. Glazer, A. & Konrad, K.A., 1997. "Taxation of Rent-Seeking Activities," Papers 97-98-04, California Irvine - School of Social Sciences.
  19. Cohen, Chen & Sela, Aner, 2005. "Manipulations in contests," Economics Letters, Elsevier, vol. 86(1), pages 135-139, January.
  20. Michelle R Garfinkel & Stergios Skaperdas, 2001. "Conflict Without Misperceptions or Incomplete Information: How the Future Matters," Levine's Working Paper Archive 563824000000000011, David K. Levine.
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