Baik, Kyung Hwan; Chowdhury, Subhasish M.; Ramalingam, … - School of Economics, University of East Anglia - 2014
We investigate the effects of the availability of resources that can be expended in conflict on conflict intensity. We run a between-subjects Tullock contest in which we vary the contest budget from Low to Medium to High, while keeping the Nash equilibrium bid the same. We find an `inverted...