Linking individual and collective contests through noise level and sharing rules

Pau Balart, Subhasish Chowdhury and Orestis Troumpounis ()

Economics Letters, 2017, vol. 155, issue C, 126-130

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.

Keywords: Contest; Homogeneity of degree zero; Equivalence (search for similar items in EconPapers)
JEL-codes: C72 D72 D74 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (10)

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Related works:
Working Paper: Linking individual and collective contests through noise level and sharing rules (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:155:y:2017:i:c:p:126-130

DOI: 10.1016/j.econlet.2017.03.020

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