Linking individual and collective contests through noise level and sharing rules

Balart, Pau and Chowdhury, Subhasish and Troumpounis, Orestis (2017) Linking individual and collective contests through noise level and sharing rules. Economics Letters, 155. pp. 126-130. ISSN 0165-1765

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We propose the use of Nitzan’s (1991) sharing rule in collective contests as a tractable way of modeling individual contests. This proposal (i) tractably introduces noise in Tullock contests when no closed form solution in pure strategies exists, (ii) satisfies the important property of homogeneity of degree zero, (iii) can be effort or noise equivalent to a standard Tullock contest.

Item Type:
Journal Article
Journal or Publication Title:
Economics Letters
Additional Information:
This is the author’s version of a work that was accepted for publication in Economics Letters. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Economics Letters, 155, 2017 DOI: 10.1016/j.econlet.2017.03.020
Uncontrolled Keywords:
?? contesthomogeneity of degree zeroequivalencefinanceeconomics and econometrics ??
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Deposited On:
20 Mar 2017 10:26
Last Modified:
15 Jul 2024 16:53