Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5057565 | Economics Letters | 2017 | 4 Pages |
Abstract
â¢We study uniqueness of equilibrium in two-player Tullock contests.â¢We study the case where the discriminatory power is in between 1 and 2.â¢We provide a different approach to establish the uniqueness.â¢The study fills up a remaining gap in equilibrium analysis in contests.
This paper provides a different approach to establish the uniqueness of equilibrium in Tullock contests between two players with asymmetric valuations, when the discriminatory power r is between 1 and 2. Our result complements that of Ewerhart (2017) in filling up the remaining gap in the literature on the uniqueness of equilibrium in two-player asymmetric Tullock contests.
Related Topics
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Authors
Xin Feng, Jingfeng Lu,