Simple equilibria in general contests

B-Tier
Journal: Games and Economic Behavior
Year: 2022
Volume: 134
Issue: C
Pages: 264-280

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We show how symmetric equilibria emerge in general two-player contests in which skill and effort are combined to produce output according to a general production technology and players have skills drawn from different distributions. The model includes the Tullock (1980) and Lazear and Rosen (1981) models as special cases. Our paper provides intuition regarding how the contest components interact to determine the incentive to exert effort and sheds new light on classic comparative statics results. In particular, we show that more heterogeneity can increase equilibrium effort.

Technical Details

RePEc Handle
repec:eee:gamebe:v:134:y:2022:i:c:p:264-280
Journal Field
Theory
Author Count
3
Added to Database
2026-01-24