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Group contests and technologies

Author

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  • Dongryul Lee

    (Department of Economics, Sungshin University)

Abstract

We study the role of returns of scale of the technology on the characterization of the Nash equilibrium in group contests. In the general setting of group contests, we first show that there exists only one type of equilibrium, for given each technology, when the technology is with constant or decreasing returns to scale. However, when the technology exhibits increasing returns to scale, we find that there may exist various types of equilibria according to the parameter values in the model.

Suggested Citation

  • Dongryul Lee, 2015. "Group contests and technologies," Economics Bulletin, AccessEcon, vol. 35(4), pages 2427-2438.
    • Handle: RePEc:ebl:ecbull:eb-15-00546
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    File URL: http://www.accessecon.com/Pubs/EB/2015/Volume35/EB-15-V35-I4-P243.pdf
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    References listed on IDEAS

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    Cited by:

    1. Send, Jonas, 2020. "Conflict between non-exclusive groups," Journal of Economic Behavior & Organization, Elsevier, vol. 177(C), pages 858-874.
    2. Dongryul Lee & Pilwon Kim, 2022. "Group formation in a dominance-seeking contest," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 58(1), pages 39-68, January.

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    More about this item

    Keywords

    Group contests; Public good; Technology;
    All these keywords.

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D7 - Microeconomics - - Analysis of Collective Decision-Making

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