Rent-seeking with asymmetric valuations: Addition or deletion of a player

Alexander Matros

Public Choice, 2006, vol. 129, issue 3, 369-380

Abstract: We consider an extension of Tullock's (1980) N-player contest under which prize valuations may vary across players. We show that the pure-strategy equilibrium of this contest is unique. We also establish the following results: rent dissipation increases, individual winning probabilities decrease, and individual spending either increases or decreases with the addition of a player. Copyright Springer Science+Business Media, B.V. 2006

Date: 2006
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DOI: 10.1007/s11127-006-9037-9

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