The Lottery Contest is a Best-Response Potential Game

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

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Year of publication:	2017
Authors:	Ewerhart, Christian
Publisher:	[2017]: [S.l.] : SSRN
Subject:	Glücksspiel \| Gambling \| Spieltheorie \| Game theory

Extent:	1 Online-Ressource (10 p)
Series:	University of Zurich, Department of Economics, Working Paper ; No. 242, Revised version
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 10, 2017 erstellt
Other identifiers:	10.2139/ssrn.2913559 [DOI]
Classification:	C62 - Existence and Stability Conditions of Equilibrium ; C72 - Noncooperative Games ; D72 - Economic Models of Political Processes: Rent-Seeking, Elections, Legistures, and Voting Behavior
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012963488