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Multiple Equilibria in Tullock Contests

Chowdhury, Subhasish and Sheremeta, Roman (2011): Multiple Equilibria in Tullock Contests. Published in: Economics Letters

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We find the sufficient conditions for the existence of multiple equilibria in Tullock-type contests, and show that asymmetric equilibria arise even under symmetric prize and cost structures. We then present existing contests where multiple equilibria exist under reasonably weak conditions.

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