Submitted manuscript, 355 KB, PDF document
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Tullock’s contest with reimbursements
AU - Matros, Alexander
AU - Armanios, Daniel
PY - 2009/10
Y1 - 2009/10
N2 - We consider Tullock’s contest with reimbursements. It turns out that the winner-reimbursed contest maximizes net total spending while the loser-reimbursed contest minimizes net total spending. We investigate properties of contests with reimbursements and compare them with Tullock’s classic contest. Applications for R&D, government contracts, and elections are discussed.
AB - We consider Tullock’s contest with reimbursements. It turns out that the winner-reimbursed contest maximizes net total spending while the loser-reimbursed contest minimizes net total spending. We investigate properties of contests with reimbursements and compare them with Tullock’s classic contest. Applications for R&D, government contracts, and elections are discussed.
KW - Contests
KW - Reimbursement
KW - D72
KW - D74
U2 - 10.1007/s11127-009-9436-9
DO - 10.1007/s11127-009-9436-9
M3 - Journal article
VL - 141
SP - 49
EP - 63
JO - Public Choice
JF - Public Choice
SN - 1573-7101
IS - 1-2
ER -