Abstract
This article presents an equivalence theorem in the context of Tullock’s augmented lottery contest with external or internal cost reimbursement. Three alternative modes of reimbursement are studied. The equivalence implies that, even though the augmented contest is vulnerable to framing biases, it is strategically neutral.
Original language | English |
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Article number | 31 |
Journal | Games |
Volume | 14 |
Issue number | 2 |
DOIs | |
State | Published - Apr 2023 |
Bibliographical note
Publisher Copyright:© 2023 by the authors.
Keywords
- Equivalent Modes
- Tullock
- contest
- reimbursement