Epstein, Gil S; Nitzan, Shmuel - In: Public Choice 112 (2002) 1-2, pp. 137-42
Using a public-policy application of Tullock's two-player rent-seeking contest, this paper focuses on the relationship between the aggregate expected utility of the players and their asymmetric valuations. In our game these valuations are the players' payoffs in the two possible states of...