Chowdhury, Subhasish M.; Cohen, Chen; Darioshi, Roy; … - 2024
Many contests, such as innovation races or litigation, often involve reimbursement of expenses. This study examines … optimal reimbursement schemes in two-player Tullock contests, analyzing four reimbursement structures: external and internal … players). We find that while external reimbursement for the loser ensures both fairness and viability, full reimbursement to …