Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5057773 | Economics Letters | 2017 | 4 Pages |
Abstract
â¢The asymmetric two-player Tullock contest has a unique equilibrium for râ¤2.â¢This result completes, in a sense, the analysis of the two-player Tullock contest.â¢We offer a comprehensive view on the comparative statics of the model.â¢We also show that the equilibrium set does not depend on the tie-breaking rule.â¢As an application, we derive a revenue ranking for optimally biased contests.
It is shown that the equilibrium in the asymmetric two-player Tullock contest is unique for parameter values râ¤2. This allows proving a revenue ranking result saying that a revenue-maximizing designer capable of biasing the contest always prefers a technology with higher r.
Related Topics
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Economics and Econometrics
Authors
Christian Ewerhart,