Linking individual and collective contests through noise level and sharing rules

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Balart, Pau, Chowdhury, Subhasish M. and Troumpounis, Orestis (2017) Linking individual and collective contests through noise level and sharing rules. Economics Letters, 155. pp. 126-130. ISSN 0165-1765

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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.

Item Type:	Article
Uncontrolled Keywords:	contest,homogeneity of degree zero,equivalence
Faculty \ School:	Faculty of Social Sciences > School of Economics
Related URLs:	http://linkinghub.elsevier.com/retrieve/...
Depositing User:	Pure Connector
Date Deposited:	08 Jun 2017 05:07
Last Modified:	22 Oct 2022 02:41
URI:	https://ueaeprints.uea.ac.uk/id/eprint/63693
DOI:	10.1016/j.econlet.2017.03.020

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