Equivalent Modes of Reimbursement in Augmented Contests

Chen Cohen, Roy Darioshi () and Shmuel Nitzan
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Chen Cohen: Department of Public Policy and Management, Ben-Gurion University of the Negev, Beer-Sheva 84105, Israel
Roy Darioshi: Department of Public Policy and Management, Ben-Gurion University of the Negev, Beer-Sheva 84105, Israel

Games, 2023, vol. 14, issue 2, 1-6

Abstract: This article presents an equivalence theorem in the context of Tullock’s augmented lottery contest with external or internal cost reimbursement. Three alternative modes of reimbursement are studied. The equivalence implies that, even though the augmented contest is vulnerable to framing biases, it is strategically neutral.

Keywords: Tullock; contest; Equivalent Modes; reimbursement (search for similar items in EconPapers)
JEL-codes: C C7 C70 C71 C72 C73 (search for similar items in EconPapers)
Date: 2023
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