Tullock contest with reference‐dependent preferences
研究了在损失厌恶和内生参照点下的塔洛克竞赛模型，给出了存在唯一纯策略纳什均衡的条件，并分析了损失厌恶对玩家支出、获胜概率和租金耗散的影响。
Abstract We study the Tullock contest model with loss aversion and endogenously formed reference points. In a contest with n possibly heterogeneous players and convex effort costs, we establish sufficient conditions for a unique Nash equilibrium in pure strategies. Subsequently, we analyze the impact of loss aversion on players' spending behavior, probability of winning, and rent dissipation.