Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5060914 | Economics Letters | 2011 | 4 Pages |
Abstract
⺠Sufficient conditions are found for the existence of multiple equilibria in Tullock contests. ⺠Asymmetric equilibria arise even under symmetric prize and cost structures. ⺠Examples of existing contests where multiple equilibria exist are given.
Related Topics
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Economics and Econometrics
Authors
Subhasish M. Chowdhury, Roman M. Sheremeta,