Average-opinion group contest

Dongryul Lee ()
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Dongryul Lee: Department of Economics, Sungshin University

Economics Bulletin, 2017, vol. 37, issue 1, 79-93

Abstract: We study the the average-opinion group contest in which each group's effort level is determined as the median of the effort levels of its group members. We find that, in the average-opinion group contest, both free rider and coordination problem exist among the players in each group, and there exist multiple Nash equilibria of the game. This is the mixed characteristics of each Nash equilibria of the perfect-substitutes, the weakest-link, and the best-shot group contest. Also, we specifically figure out the Nash equilibria of the average-opinion group contest in several examples.

Keywords: Group contest; Public-goods prize; Average opinion game (search for similar items in EconPapers)
JEL-codes: C7 D7 (search for similar items in EconPapers)
Date: 2017-01-13
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Citations: View citations in EconPapers (1)

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