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Effort and performance in group contests
Authors:Kofi O Nti
Institution:Smeal College of Business Administration, The Pennsylvania State University, University Park, PA 16802-1913, USA
Abstract:We study contest performance by focusing on the per capita payoffs of the contestants in an important class of asymmetric two-group contests. The group with the higher valuation has a greater chance of winning the contest whenever the rent-seeking technology is increasing and concave. We note that equilibrium efforts and payoffs per capita are uniquely defined and can be subjected to a comparative statics analysis. We show that payoff per capita for a group increases with its own valuation but decreases with the valuation of the opposing group. Per capita payoff for a group increases with its population.
Keywords:Group contests  Rent-seeking  Asymmetric contests  Comparative statics
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