Showing 1 - 10 of 1,312
This paper provides a different approach to establish the uniqueness of equilibrium in Tullock con- tests between two players with asymmetric valuations, when the discriminatory power r is between 1 and 2. Our result complements that of Ewerhart (2017) in Ölling up the remaining gap in the...
Persistent link: https://www.econbiz.de/10012960008
Persistent link: https://www.econbiz.de/10012019513
The symmetric two-player Hirshleifer (1989) contest is shown to admit a unique equilibrium. The support of the equilibrium strategy is finite and includes, in particular, the zero expenditure level. We also establish a lower bound for the cardinality of the support and an upper bound for the...
Persistent link: https://www.econbiz.de/10011824432
Persistent link: https://www.econbiz.de/10012040602
Persistent link: https://www.econbiz.de/10010360296
Persistent link: https://www.econbiz.de/10010504742
Persistent link: https://www.econbiz.de/10014532280
Persistent link: https://www.econbiz.de/10011285514
Persistent link: https://www.econbiz.de/10010385201
Persistent link: https://www.econbiz.de/10001027456