Zusammenfassung:
This paper revisits the n-player rent-seeking contest with homogeneous valuations and increasing returns. Our main result says that, for any m ∈ {2, . . . , n - 1}, there are threshold values 1 < R∗(m) < R∗ (m) È 2 for the Tullock parameter R such that a pure strategy equilibrium with m active players exists if and only if R ∈ [R∗(m), R∗ (m)]. Among other things, this observation leads to a simple characterization of the values of R for which the n-player contest has a unique pure strategy equilibrium.
