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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. Economics Letters, 155:168-171.

Abstract

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.

Abstract

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.

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Additional indexing

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
Language:English
Date:2017
Deposited On:28 Mar 2017 13:37
Last Modified:07 Apr 2020 07:02
Publisher:Elsevier
ISSN:0165-1765
OA Status:Green
Publisher DOI:https://doi.org/10.1016/j.econlet.2017.03.030

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