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The Hotelling game of pure location allows interpretations in spatial competition, political theory, and professional forecasting. In this paper, the doubly symmetric mixed-strategy equilibrium for n ≥ 4 firms is characterized as the solution of a well-behaved boundary value problem. The...
Persistent link: https://www.econbiz.de/10011282501
Persistent link: https://www.econbiz.de/10011665015
In the class of smooth non-cooperative games, exact potential games and weighted potential games are known to admit a convenient characterization in terms of cross-derivatives (Monderer and Shapley, 1996a). However, no analogous characterization is known for ordinal potential games. The present...
Persistent link: https://www.econbiz.de/10012111391
generalized ordinal potential game must exhibit pairwise strategic complements or substitutes at any interior Cournot … probabilistic all-pay contests with heterogeneous valuations, models of mixed oligopoly, and Cournot games with a dominant firm. …
Persistent link: https://www.econbiz.de/10011784299
-good Cournot model with potentially heterogeneous firms. The analysis leads to unified conditions, respectively, for the existence …
Persistent link: https://www.econbiz.de/10011282458
-good Cournot model with potentially heterogeneous firms. The analysis leads to unified conditions, respectively, for the existence …
Persistent link: https://www.econbiz.de/10010316821
This paper studies the incentives for interim voluntary disclosure of verifiable information in probabilistic all-pay contests. Provided that the contest is uniformly asymmetric, full revelation is the unique perfect Bayesian equilibrium outcome. This is so because the weakest type of the...
Persistent link: https://www.econbiz.de/10012420693