Tullock contest with reference-dependent preferences

被引：0

作者：

Fallucchi, Francesco ^{[1
]}

Trevisan, Francesco ^{[2
]}

机构：

[1] Univ Bergamo, Dept Econ, Bergamo, Italy

[2] CaFoscari Univ Venice, Dept Econ, Cannaregio 873, I-30121 Venice, Italy

来源：

ECONOMIC INQUIRY | 2024年 / 62卷 / 04期

关键词：

asymmetry; contest; desire to win; loss aversion; rent-seeking; AVERSION;

D O I：

10.1111/ecin.13251

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We study the Tullock contest model with loss aversion and endogenously formed reference points. In a contest with n possibly heterogeneous players and convex effort costs, we establish sufficient conditions for a unique Nash equilibrium in pure strategies. Subsequently, we analyze the impact of loss aversion on players' spending behavior, probability of winning, and rent dissipation.

引用

页码：1618 / 1628

页数：11

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