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Type | Working Paper |
Scope | Discipline-based scholarship |
Title | Revenue ranking of optimally biased contests: the case of two players |
Organization Unit | |
Authors |
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Language |
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Institution | University of Zurich |
Series Name | Working paper series / Department of Economics |
Number | 243 |
ISSN | 1664-7041 |
Number of Pages | 8 |
Date | 2017 |
Abstract Text | It is shown that the equilibrium in the asymmetric Tullock contest is unique for parameter values r ≤ 2. This allows proving a revenue ranking result saying that a revenue-maximizing designer capable of biasing the contest always prefers a contest technology with higher accuracy. |
Official URL | http://www.econ.uzh.ch/static/wp/econwp243.pdf |
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Keywords | Tullock contest, Nash equilibrium, heterogeneous valuations, discrimination, Lotterie, Bewertung, Nash-Gleichgewicht, Diskriminanzanalyse |