Reply to Gordon Tullock
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چکیده
منابع مشابه
Mixed equilibria in Tullock contests
Any symmetric mixed-strategy equilibrium in a Tullock contest with intermediate values of the decisiveness parameter (“ 2)hascountablyinfinitelymanymasspoints.Allprobabilityweightisconcentratedonthosemasspoints, whichhavethezerobidastheirsolepointofaccumulation.Withcontestantsrandomizingoveranon− convexset, thereisacostofbeinghalfhearted, whichisabsentfromboththelotterycontestandtheall−payaucti...
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متن کاملOutcomes and Strategy Choices in Tullock Contests
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 contests participants moves rst, 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 s...
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ژورنال
عنوان ژورنال: The Review of International Organizations
سال: 2006
ISSN: 1559-7431,1559-744X
DOI: 10.1007/s11558-006-6607-z