TY - JOUR
T1 - Multiple Equilibria in Tullock Contests
AU - Chowdhury, Subhasish
AU - Sheremeta, Roman
PY - 2011/8
Y1 - 2011/8
N2 - 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.
AB - 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.
UR - https://doi.org/10.1016/j.econlet.2011.05.002
U2 - 10.1016/j.econlet.2011.05.002
DO - 10.1016/j.econlet.2011.05.002
M3 - Article
SN - 0165-1765
VL - 112
SP - 216
EP - 219
JO - Economics Letters
JF - Economics Letters
IS - 2
ER -