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• W3125494907 abstract "Any symmetric mixed-strategy equilibrium in a Tullock contest with intermediate values of the decisiveness parameter (“ $$2<R<infty $$ ”) has countably infinitely many mass points. All probability weight is concentrated on those mass points, which have the zero bid as their sole point of accumulation. With contestants randomizing over a non-convex set, there is a cost of being “halfhearted,” which is absent from both the lottery contest and the all-pay auction. Numerical bid distributions are generally negatively skewed and exhibit, for some parameter values, a higher probability of ex-post overdissipation than the all-pay auction." @default.
• W3125494907 created "2021-02-01" @default.
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• W3125494907 date "2014-08-22" @default.
• W3125494907 modified "2023-10-16" @default.
• W3125494907 title "Mixed equilibria in Tullock contests" @default.
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• W3125494907 doi "https://doi.org/10.1007/s00199-014-0835-x" @default.
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