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Ewerhart, Christian (2017). The lottery contest is a best-response potential game. Economics Letters, 155:168-171.
It is shown that the image-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.
| Item Type: | Journal Article, refereed, original work |
|---|---|
| Communities & Collections: | 03 Faculty of Economics > Department of Economics |
| Dewey Decimal Classification: | 330 Economics |
| Scopus Subject Areas: | Social Sciences & Humanities > Finance
Social Sciences & Humanities > Economics and Econometrics |
| Uncontrolled Keywords: | Potential games, tullock contest, best-response equivalence, zero-sum games |
| Scope: | Discipline-based scholarship (basic research) |
| Language: | English |
| Date: | 2017 |
| Deposited On: | 28 Mar 2017 13:37 |
| Last Modified: | 15 Apr 2025 01:42 |
| Publisher: | Elsevier |
| ISSN: | 0165-1765 |
| OA Status: | Hybrid |
| Publisher DOI: | https://doi.org/10.1016/j.econlet.2017.03.030 |
| Other Identification Number: | merlin-id:14706 |
Ewerhart, Christian