Asymmetric Rent-Seeking with More than Two Contestants |
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| Authors: | Stein William E |
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| Institution: | 1. Department of Information and Operations Management, Texas A&M University College Station, TX, 77843-4217, USA
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| Abstract: | This article considers a rent-seeking model with N asymmetriccontestants. Each contestant may have a different valuation ofthe rent or a different relative ability to win the rent. Oneof the N contestants is selected as the winner based onTullock's probabilistic contest rule with constant returns toscale. A pure strategy Nash equilibrium solution is obtainedand its consequences are investigated. |
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