Showing 61 - 70 of 362
Persistent link: https://www.econbiz.de/10004817851
Persistent link: https://www.econbiz.de/10004817922
Persistent link: https://www.econbiz.de/10004817923
Persistent link: https://www.econbiz.de/10004817924
Persistent link: https://www.econbiz.de/10014558640
Persistent link: https://www.econbiz.de/10013488786
Payoff security combined with reciprocal upper semicontinuity is sufficient for better-reply security, and consequently for the existence of a pure strategy Nash equilibrium in compact, quasiconcave games by Reny's (1999) theorem. Analogously, diagonal payoff security combined with upper...
Persistent link: https://www.econbiz.de/10013341982
The Riemann Hypothesis (RH) is one of the major unsolved problems in pure mathematics. In this note, a parameterized family of non-cooperative games is constructed with the property that, if RH holds true, then any game in this family admits a unique Nash equilibrium. We argue that this result...
Persistent link: https://www.econbiz.de/10014283256
The n-player Tullock contest with complete information is known to admit explicit solutions in special cases, such as (i) homogeneous valuations, (ii) constant returns, and (iii) two contestants. But can that model be solved more generally? In this paper, we show that key characteristics of the...
Persistent link: https://www.econbiz.de/10014634643
Optimal rank-order tournaments have traditionally been studied using a first-order approach. The present analysis relies instead on the construction of an "upper envelope" over all incentive compatibility conditions. It turns out that the first-order approach is not innocuous. For example, in...
Persistent link: https://www.econbiz.de/10011420572