Multiple Equilibria in Tullock Contests

Subhasish Chowdhury, Roman Sheremeta

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We find the sufficient conditions for the existence of multiple equilibria in Tullock-type contests, and show that asymmetric equilibria arise even under symmetric prize and cost structures. We then present existing contests where multiple equilibria exist under reasonably weak conditions.
Original languageEnglish
Pages (from-to)216-219
JournalEconomics Letters
Issue number2
Publication statusPublished - Aug 2011


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