On monotone pure-strategy Bayesian-Nash equilibria of a generalized contest

Pavlo Prokopovych and Nicholas C. Yannelis

Games and Economic Behavior, 2023, vol. 140, issue C, 348-362

Abstract: We introduce a new approach to studying the existence of a monotone pure-strategy Bayesian-Nash equilibrium in an n-player single-prize contest model that covers both perfectly and imperfectly discriminating contests. The contestants have continua of possible types and bids, atomless type distributions, and their valuations and costs might depend not only on their own bids and types but also on other bidders' bids and types. Many, quite different contests are covered by our generalized contest model and equilibrium existence in monotone pure strategies in them follows from this paper's results.

Keywords: Contest; All-pay auction; Payoff security; Monotone equilibrium; Local intersection property (search for similar items in EconPapers)
JEL-codes: C65 C72 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:140:y:2023:i:c:p:348-362

DOI: 10.1016/j.geb.2023.04.006

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