Multiple Equilibria in Tullock Contests

Subhasish Chowdhury, Roman Sheremeta

Research output: Contribution to journalArticle

  • 15 Citations

Abstract

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.
LanguageEnglish
Pages216-219
JournalEconomics Letters
Volume112
Issue number2
DOIs
StatusPublished - Aug 2011

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Contests
Multiple equilibria
Asymmetric equilibria
Cost structure

Cite this

Multiple Equilibria in Tullock Contests. / Chowdhury, Subhasish; Sheremeta, Roman.

In: Economics Letters, Vol. 112, No. 2, 08.2011, p. 216-219.

Research output: Contribution to journalArticle

Chowdhury S, Sheremeta R. Multiple Equilibria in Tullock Contests. Economics Letters. 2011 Aug;112(2):216-219. Available from, DOI: 10.1016/j.econlet.2011.05.002
Chowdhury, Subhasish ; Sheremeta, Roman. / Multiple Equilibria in Tullock Contests. In: Economics Letters. 2011 ; Vol. 112, No. 2. pp. 216-219
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