Häfner, Samuel; Nöldeke, Georg - In: Games 7 (2016) 3, pp. 1-7
In imperfectly discriminating contests with symmetric valuations, equilibrium payoffs are positive shares of the value of the prize. In contrast to a bargaining situation, players' shares sum to less than one because a residual share of the value is lost due to rent dissipation. In this paper,...