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The lottery contest is a best-response potential game


Ewerhart, Christian (2017). The lottery contest is a best-response potential game. Working paper series / Department of Economics 242, University of Zurich.

Abstract

It is shown that the n-player lottery contest admits a best-response potential (Voorneveld, 2000, Economics Letters). This is true also when the contest technology reflects the possibility of a draw. The result implies, in particular, the existence of a non-trivial two-player zero-sum game that is best-response equivalent to a game with identical payoff functions.

Abstract

It is shown that the n-player lottery contest admits a best-response potential (Voorneveld, 2000, Economics Letters). This is true also when the contest technology reflects the possibility of a draw. The result implies, in particular, the existence of a non-trivial two-player zero-sum game that is best-response equivalent to a game with identical payoff functions.

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Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Department of Economics
Dewey Decimal Classification:330 Economics
JEL Classification:C62, C72, D72
Uncontrolled Keywords:Potential games, Tullock contest, best-response equivalence, zero-sum games
Language:English
Date:March 2017
Deposited On:08 Feb 2017 12:00
Last Modified:29 Aug 2017 23:48
Series Name:Working paper series / Department of Economics
Number of Pages:8
ISSN:1664-7041
Additional Information:Revised version
Official URL:http://www.econ.uzh.ch/static/wp/econwp242.pdf
Related URLs:http://www.econ.uzh.ch/static/workingpapers.php

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Content: Published Version
Filetype: PDF (Revised version March 2017)
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