A nested contest: Tullock meets the all-pay auction

Abstract

I present a two-player nested contest which is a convex combination of two widely studied contests: the Tullock (lottery) contest and the all-pay auction. A Nash equilibrium exists for all parameters of the nested contest. If and only if the contest is sufficiently asymmetric, then there is an equilibrium in pure strategies. In this equilibrium, individual… (More)

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Cite this paper

@inproceedings{Amegashie2012ANC, title={A nested contest: Tullock meets the all-pay auction}, author={J. Atsu Amegashie and CESIFO WORKING}, year={2012} }