Tullock contest with reference‐dependent preferences

C-Tier
Journal: Economic Inquiry
Year: 2024
Volume: 62
Issue: 4
Pages: 1618-1628

Authors (2)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

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

Abstract

We study the Tullock contest model with loss aversion and endogenously formed reference points. In a contest with n possibly heterogeneous players and convex effort costs, we establish sufficient conditions for a unique Nash equilibrium in pure strategies. Subsequently, we analyze the impact of loss aversion on players' spending behavior, probability of winning, and rent dissipation.

Technical Details

RePEc Handle
repec:bla:ecinqu:v:62:y:2024:i:4:p:1618-1628
Journal Field
General
Author Count
2
Added to Database
2026-01-25