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Success in contests

Economic Theory (2022) 73(2-3) 595-624
DOI: 10.1007/s00199-021-01367-4
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Abstract

Models of two contestants exerting effort to win a prize are very common and widely used in political economy. The contest success function plays as fundamental a role in the theory of contests as does the production function in the theory of the firm, yet beyond the existence of equilibrium few general results are known. This paper seeks to remedy that gap.

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Levine, D. K., & Mattozzi, A. (2022). Success in contests. Economic Theory, 73(2–3), 595–624. https://doi.org/10.1007/s00199-021-01367-4

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