Article ID Journal Published Year Pages File Type
7348771 Economics Letters 2018 4 Pages PDF
Abstract
The symmetric two-player Hirshleifer contest admits a unique equilibrium. The equilibrium support is finite and includes the zero expenditure level. We also establish a lower bound for the cardinality of the support and an upper bound for the undissipated rent.
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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Equilibrium in the symmetric two-player Hirshleifer contest: Uniqueness and characterization
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