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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Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
}
TY - JOUR
T1 - Linking individual and collective contests through noise level and sharing rules
AU - Balart, Pau
AU - Chowdhury, Subhasish
AU - Troumpounis, Orestis
N1 - 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
PY - 2017/6
Y1 - 2017/6
N2 - 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.
AB - 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.
KW - Contest
KW - Homogeneity of Degree Zero
KW - Equivalence
U2 - 10.1016/j.econlet.2017.03.020
DO - 10.1016/j.econlet.2017.03.020
M3 - Journal article
VL - 155
SP - 126
EP - 130
JO - Economics Letters
JF - Economics Letters
SN - 0165-1765
ER -