The lottery contest is a best-response potential game
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Auteur(s)
Ewerhart, Christian
Beschreibung
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.
Institution partenaire
Langue
English
Datum
2017
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