Outcomes and Strategy Choices in Tullock Contests

Flavio Menezes and John Quiggin

No WP6R05, Risk & Uncertainty Working Papers from Risk and Sustainable Management Group, University of Queensland

Abstract: We explore the relationship between the choice of the strategy space and outcomes in Tullock contests. In particular, in a framework where one of the contest's participants moves first, we show that there is an equilibrium where this individual wins the contest with probability one. We also show that not only the nature of the outcome changes (e.g., who wins the contest) with the choice of the strategy space but also that a contest organiser might have preferences over this space. We argue that ultimately the analyst does not have complete freedom to choose the strategy space. Instead, he or she should consider the strategies that are permitted by the organisers of a formal contest, whose interests might lie in maximising returns. That is, the analyst's choice of the strategy space is not neutral.

Keywords: Strategy space; Tullock contests (search for similar items in EconPapers)
JEL-codes: C7 (search for similar items in EconPapers)
Date: 2005-06
New Economics Papers: this item is included in nep-mic
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Related works:
Working Paper: Outcomes and Strategy Choices in Tullock Contests (2005)
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