Guigou, Jean-Daniel; Lovat, Bruno; Boissaux, Marc - Centre de Recherche en Économie Appliquée (CREA), … - 2013
We study a rent-seeking proprtional-prize contest between two heterogeneously risk-averse players and given prize amounts are normally distributed rather than known ex ante. We establish existence and unicity of a Nash equilibrium linked to this contest, and study the equilibrium e_orts implied....