Centralized versus decentralized contests with risk-averse players
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DOI: 10.1016/j.econlet.2019.108816
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References listed on IDEAS
- Takeshi Yamazaki, 2009. "The uniqueness of pure-strategy Nash equilibrium in rent-seeking games with risk-averse players," Public Choice, Springer, vol. 139(3), pages 335-342, June.
- Clark, Derek J & Riis, Christian, 1996. "A Multi-winner Nested Rent-Seeking Contest," Public Choice, Springer, vol. 87(1-2), pages 177-184, April.
- Clark, Derek J. & Riis, Christian, 1998. "Influence and the discretionary allocation of several prizes," European Journal of Political Economy, Elsevier, vol. 14(4), pages 605-625, November.
- Fu, Qiang & Lu, Jingfeng, 2009. "The beauty of "bigness": On optimal design of multi-winner contests," Games and Economic Behavior, Elsevier, vol. 66(1), pages 146-161, May.
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Cited by:
- Levy, Jonathan & Zhang, Jingjing, 2024. "Promotion and demotion contests," Journal of Economic Behavior & Organization, Elsevier, vol. 219(C), pages 124-151.
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More about this item
Keywords
Risk aversion; Tullock contests; Centralization; Decentralization; Multiple prizes;All these keywords.
JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
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