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- W2037657689 abstract "This paper examines collective contests associated with externalities. The collective contest is modelled as a two-stage game in which intra-group sharing rules and individual outlays are determined sequentially. Depending upon the restrictions on the intra-group sharing rules and the extent of externalities, we identify three kinds of Nash equilibria, and compare them with the outcome of the contest between individuals. This paper also proposes a real rent-dissipation rate as a measure of social waste when externalities are present. The externalities are shown to have significant effects on the relationship between the number of players and the real rent-dissipation rate." @default.
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- W2037657689 date "1998-11-01" @default.
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- W2037657689 title "Collective contests with externalities" @default.
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- W2037657689 doi "https://doi.org/10.1016/s0176-2680(98)00034-2" @default.
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