TY - JOUR
T1 - Linking Individual and Collective Contests through Noise Level and Sharing Rules
AU - Balart, Pau
AU - Chowdhury, Subhasish M.
AU - Troumpounis, Orestis
PY - 2017/6
Y1 - 2017/6
N2 - We propose the use of Nitzan’s (1991) sharing rule in collective contests as a tractable way of modelling individual contests. This proposal (i) tractably introduces noise in Tullock contests when no closed form solution in pure strategies exists, (ii) satisfies the important property of homogeneity of degree zero, (iii) can be effort or noise equivalent to a standard Tullock contest.
AB - We propose the use of Nitzan’s (1991) sharing rule in collective contests as a tractable way of modelling individual contests. This proposal (i) tractably introduces noise in Tullock contests when no closed form solution in pure strategies exists, (ii) satisfies the important property of homogeneity of degree zero, (iii) can be effort or noise equivalent to a standard Tullock contest.
UR - https://doi.org/10.1016/j.econlet.2017.03.020
U2 - 10.1016/j.econlet.2017.03.020
DO - 10.1016/j.econlet.2017.03.020
M3 - Article
SN - 0165-1765
VL - 155
SP - 126
EP - 130
JO - Economics Letters
JF - Economics Letters
ER -