The lottery contest is a best-response potential game

Christian Ewerhart

Economics Letters, 2017, vol. 155, issue C, 168-171

Abstract: 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.

Keywords: Potential games; Tullock contest; Best-response equivalence; Zero-sum games (search for similar items in EconPapers)
JEL-codes: C62 C72 D72 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:155:y:2017:i:c:p:168-171

DOI: 10.1016/j.econlet.2017.03.030

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