The lottery contest is a best-response potential game

Christian Ewerhart

No 242, ECON - Working Papers from Department of Economics - University of Zurich

Abstract: It is shown that the n-player lottery contest admits a best-response potential (Voorneveld, 2000, Economics Letters). 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: 2017-02, Revised 2017-03
New Economics Papers: this item is included in nep-gth and nep-hpe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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