%0 Report
%9 Working Paper
%A Guigou, Jean-Daniel
%A Lovat, Bruno
%A Treich, Nicolas
%B TSE Working Paper
%C Toulouse
%D 2016
%F publications:22432
%I Université Toulouse 1 Capitole
%T Risky Rents
%U https://publications.ut-capitole.fr/id/eprint/22432/
%V 16-710
%X In this paper, we consider a symmetric contest game in which agents compete to increase their share of a risky rent. We show that a symmetric equilibrium always exists, and that it is unique under constant or decreasing absolute risk aversion. We then exhibit interpretable conditions so that increases in risk and risk aversion decrease equilibrium e§orts in this strategic game