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- W4280491204 abstract "We show how symmetric equilibria emerge in general two-player contests in which skill and effort are combined to produce output according to a general production technology and players have skills drawn from different distributions. The model includes the Tullock (1980) and Lazear and Rosen (1981) models as special cases. Our paper provides intuition regarding how the contest components interact to determine the incentive to exert effort and sheds new light on classic comparative statics results. In particular, we show that more heterogeneity can increase equilibrium effort." @default.
- W4280491204 created "2022-05-22" @default.
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- W4280491204 date "2022-07-01" @default.
- W4280491204 modified "2023-09-26" @default.
- W4280491204 title "Simple equilibria in general contests" @default.
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- W4280491204 doi "https://doi.org/10.1016/j.geb.2022.05.006" @default.
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