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Cumulative prospect theory preferences in rent-seeking contests

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  • Keskin, Kerim

Abstract

We investigate the equilibrium behavior for agents with cumulative prospect theory preferences in rent-seeking contests. Characterizing the equilibrium effort levels, we present results on the existence of equilibrium and total rent dissipation.

Suggested Citation

  • Keskin, Kerim, 2018. "Cumulative prospect theory preferences in rent-seeking contests," Mathematical Social Sciences, Elsevier, vol. 96(C), pages 85-91.
    • Handle: RePEc:eee:matsoc:v:96:y:2018:i:c:p:85-91
    DOI: 10.1016/j.mathsocsci.2018.06.002
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    Cited by:

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    3. Kjell Hausken, 2021. "Axiomatizing additive multi-effort contests," SN Business & Economics, Springer, vol. 1(11), pages 1-12, November.
    4. Yang, Erya, 2020. "Optimism and pessimism in bargaining and contests," International Review of Law and Economics, Elsevier, vol. 64(C).
    5. Wang, Zhihong & Li, Yangyang & Gu, Fu & Guo, Jianfeng & Wu, Xiaojun, 2020. "Two-sided matching and strategic selection on freight resource sharing platforms," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 559(C).

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