Cumulative prospect theory preferences in rent-seeking contests
Abstract
We investigate the equilibrium behavior for agents with cumulative prospect theory preferences in rent-seeking contests. Characterizing the equilibrium effort levels we present results on the existence of equilibrium and total rent dissipation. (C) 2018 Elsevier B.V. All rights reserved.
Source
Mathematical Social SciencesVolume
96Pages
85-91Collections
- Araştırma Çıktıları / Scopus [1345]
- Araştırma Çıktıları / WOS [1335]
- Ekonomi / Economics [74]