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Linking Individual and Collective Contests through Noise Level and Sharing Rules


Reference:

Balart, P., Chowdhury, S. M. and Troumpounis, O., 2017. Linking Individual and Collective Contests through Noise Level and Sharing Rules. Economics Letters, 155, pp. 126-130.

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Official URL:

https://doi.org/10.1016/j.econlet.2017.03.020

Abstract

We propose the use of Nitzan’s (1991) sharing rule in collective contests as a tractable way of modelling individual contests. This proposal (i) tractably introduces noise in Tullock contests when no closed form solution in pure strategies exists, (ii) satisfies the important property of homogeneity of degree zero, (iii) can be effort or noise equivalent to a standard Tullock contest.

Details

Item Type Articles
CreatorsBalart, P., Chowdhury, S. M. and Troumpounis, O.
DOI10.1016/j.econlet.2017.03.020
DepartmentsFaculty of Humanities & Social Sciences > Economics
RefereedYes
StatusPublished
ID Code57149

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