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Biased contests for symmetric players

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Figure

Figure 1: The region where the aggregate effortmaxbias is not maximized at no bias. QE in a Tullock contest with a multiplicativeThe cost function is C(e, t) = te; in the left figure ρ ={−λ1−λ, − 1−λλ } and in the right figure λ = 12.
Figure 2: The optimal bias (left) and the ratio of the total efforts in an optimally biased contestand in an unbiased contest (right).
Figure 3: The expected aggregate effort (solid line) and the winner’s effort (dotted line) (leftscale) and the predictive power (dashed line, right scale) of a Tullock contest with an additivebias and public information as a function of biasρ β
Figure 4: The aggregate effort (solid line) and the winner’s effort (dotted line) (left scale) and

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