STRUCTURAL ANALYSIS OF TULLOCK CONTESTS WITH AN APPLICATION TO US HOUSE OF REPRESENTATIVES ELECTIONS
成果类型：
Article
署名作者：
Huang, Yangguang; He, Ming
署名单位：
Hong Kong University of Science & Technology; University of Technology Sydney
刊物名称：
INTERNATIONAL ECONOMIC REVIEW
ISSN/ISSBN：
0020-6598
DOI：
10.1111/iere.12502
发表日期：
2021
页码：
1011-1054
关键词：
摘要：
We study the econometrics of an asymmetric Tullock contest model with incomplete information. Identification results are established for parameters in the asymmetric contest success function and for the quantile functions of players' private costs. We propose the corresponding estimators, derive the asymptotic properties, and demonstrate their good finite sample performances by simulation. We also propose an easy-to-implement parametric estimation method that can incorporate contest-specific covariates. Our method is used to study U.S. House of Representatives elections. We quantify the incumbency advantages and conduct policy experiments to evaluate how imposing a term limit or launching campaign finance reforms affects incumbency advantage.