Equilibrium existence in group contests
Philip Brookins and
Dmitry Ryvkin
Economic Theory Bulletin, 2016, vol. 4, issue 2, No 10, 265-276
Abstract:
Abstract We prove the existence of pure strategy Bayesian equilibria in group contests under individual-level and group-level private information. For the latter type, we develop a novel approach reducing group contests to contests between individuals with multi-dimensional types, with far-reaching implications for the existence of equilibrium in various group contest settings, including the case of complete information.
Keywords: Group contest; Incomplete information; Equilibrium existence; Reduction (search for similar items in EconPapers)
JEL-codes: C02 C72 D72 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (11)
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DOI: 10.1007/s40505-015-0085-5
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