Multiple Equilibria in Tullock Contests

We find the sufficient conditions for the existence of multiple equilibria in Tullock-type contests, and show that asymmetric equilibria arise even under symmetric prize and cost structures. We then present existing contests where multiple equilibria exist under reasonably weak conditions.

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Year of publication:	2011
Authors:	Chowdhury, Subhasish ; Sheremeta, Roman

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Chowdhury, Subhasish and Sheremeta, Roman (2011): Multiple Equilibria in Tullock Contests. Published in: Economics Letters
Classification:	C62 - Existence and Stability Conditions of Equilibrium ; C72 - Noncooperative Games ; D72 - Economic Models of Political Processes: Rent-Seeking, Elections, Legistures, and Voting Behavior ; D74 - Conflict; Conflict Resolution; Alliances
Source:	BASE

Persistent link: https://www.econbiz.de/10015240012