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    Rights statement: This is the author’s version of a work that was accepted for publication in Economics Letters. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Economics Letters, 155, 2017 DOI: 10.1016/j.econlet.2017.03.020

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Linking individual and collective contests through noise level and sharing rules

Research output: Contribution to journalJournal article

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<mark>Journal publication date</mark>06/2017
<mark>Journal</mark>Economics Letters
Volume155
Number of pages5
Pages (from-to)126-130
Publication statusPublished
Early online date31/03/17
Original languageEnglish

Abstract

We propose the use of Nitzan’s (1991) sharing rule in collective contests as a tractable way of modeling individual contests. This proposal (i) tractably introduces noise in Tullock contests when no closed form solution in pure strategies exists, (ii) satisfies the important property of homogeneity of degree zero, (iii) can be effort or noise equivalent to a standard Tullock contest.

Bibliographic note

This is the author’s version of a work that was accepted for publication in Economics Letters. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Economics Letters, 155, 2017 DOI: 10.1016/j.econlet.2017.03.020