Equivalent Modes of Reimbursement in Augmented Contests

Chen Cohen, Roy Darioshi, Shmuel Nitzan

Research output: Contribution to journalArticlepeer-review

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 languageEnglish
Article number31
JournalGames
Volume14
Issue number2
DOIs
StatePublished - Apr 2023

Bibliographical note

Publisher Copyright:
© 2023 by the authors.

Keywords

  • Equivalent Modes
  • Tullock
  • contest
  • reimbursement

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