?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=https%3A%2F%2Fpublications.ut-capitole.fr%2Fid%2Feprint%2F22381%2F&rft.title=The+Power+of+Money%3A+Wealth+Effects+in+Contest&rft.creator=Schroyen%2C+Fred&rft.creator=Treich%2C+Nicolas&rft.subject=B-+ECONOMIE+ET+FINANCE&rft.description=The+relationship+between+wealth+and+power+has+long+been+debated.+Nevertheless%2C+this+relationship+has+been+rarely+studied+in+a+strategic+game.+In+this+paper%2C+we+study+wealth+effects+in+a+strategic+contest+game.+Two+opposing+effects+arise%3A+wealth+reduces+the+marginal+cost+of+effort+but+it+also+reduces+the+marginal+benefit+of+winning+the+contest.+We+consider+three+types+of+contests+which+vary+depending+on+whether+rents+and+efforts+are+commensurable+with+wealth.+Our+theoretical+analysis+shows+that+the+effects+of+wealth+are+strongly+%22contestdependent%22.+It+thus+does+not+support+general+claims+that+the+rich+lobby+more+or+that+low+economic+growth+and+wealth+inequality+spur+conflicts.&rft.publisher=TSE+Working+Paper&rft.date=2016-09&rft.type=Monograph&rft.type=NonPeerReviewed&rft.format=text&rft.language=fr&rft.identifier=https%3A%2F%2Fpublications.ut-capitole.fr%2Fid%2Feprint%2F22381%2F1%2FSchroyen_22381.pdf&rft.identifier=++Schroyen%2C+Fred+and+Treich%2C+Nicolas+%3Chttps%3A%2F%2Fwww.idref.fr%2F176599940%3E++(2016)+The+Power+of+Money%3A+Wealth+Effects+in+Contest.++TSE+Working+Paper%2C+n.+16-699+++++&rft.relation=http%3A%2F%2Ftse-fr.eu%2Fpub%2F30893&rft.language=en