Rent-Seeking ·
Tullock Contest — Spend to Win, Until the Prize is Gone
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seel
.com · prize V = $10M · N players · total spend ≈ V at Nash
Prize V
$10M
Total spend
—
Beat
—
Prize V — the rent at stake
Player expenditure stacks
Winner's net payoff
Loser's sunk spending
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.com · Rent-Seeking