Distributional Competition

Mark Whitmeyer

Papers from arXiv.org

Abstract: I study symmetric competitions in which each player chooses an arbitrary distribution over a one-dimensional performance index, subject to a convex cost. I establish existence of a symmetric equilibrium, document various properties it must possess, and provide a characterization via the first-order approach. Manifold applications--to R&D competition, oligopolistic competition with product design, and rank-order contests--follow.

Date: 2026-01, Revised 2026-02
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