Browsing by Subject "Large game"

Filter results by typing the first few letters
Now showing 1 - 1 of 1
  • Thumbnail Image
    ItemOpen Access
    Large tullock contests
    (Springer Nature, 2023-05-25) Doğan, Serhat; Karagözoğlu, Emin; Sağlam, Çağrı; Keskin, K.
    We characterize the equilibrium effort function of a large Tullock contest game with heterogeneous agents under mild conditions on the contest success function and effort cost function. Later, writing the equilibrium total effort explicitly under a uniform type distribution, we identify the effort-maximizing large Tullock contest. It is shown that the contest designer needs to increase the curvature of the effective effort function, thereby encouraging high-type agents to exert even higher efforts, as the curvature of the effort cost function increases or the support of the type distribution gets narrower.