๐”– Bobbio Scriptorium
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Reduced prizes and increased effort in contests

โœ Scribed by Gil S. Epstein; Shmuel Nitzan


Book ID
106041422
Publisher
Springer
Year
2006
Tongue
English
Weight
109 KB
Volume
26
Category
Article
ISSN
0176-1714

No coin nor oath required. For personal study only.


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Rent-seeking contest when the prize incr
โœ Tai-Yeong Chung ๐Ÿ“‚ Article ๐Ÿ“… 1996 ๐Ÿ› Springer US ๐ŸŒ English โš– 605 KB

The objective of this article is to investigate contests in which efforts are productive. Tullock's standard rent-seeking model is extended by making the rent itself increase with the aggregate efforts. A positive externality is thereby introduced into the contest, because a contender's private effo