Complete rent dissipation in contest with power technologies |
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| Affiliation: | Faculty of Economics, Meijo University, 1-501 Shiogamaguchi, Tempaku-ku, Nagoya 468-8502, Japan |
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| Abstract: | We consider contest success functions (CSFs) with power technologies. We present a necessary and sufficient condition for that in all Nash equilibria, complete rent dissipation occurs (i.e., the sum of contestants' efforts is equal to the value). |
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| Keywords: | Contest success function Power technology Complete rent dissipation |
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