Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5057645 | Economics Letters | 2017 | 4 Pages |
Abstract
â¢The n-player lottery contest is shown to admit a best-response potential.â¢This holds likewise for contest technologies that reflect the possibility of a draw.â¢In particular, a non-trivial two-player zero-sum game may admit a best-response potential.
It is shown that the n-player lottery contest admits a best-response potential (Voorneveld, 2000). 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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Christian Ewerhart,