ISKAKOV, Mikhail; ISKAKOV, Alexey; ZAKHAROV, Alexey - Center for Operations Research and Econometrics (CORE), … - 2014
It is well known that a pure-strategy Nash equilibrium does not exist for a two-player rent-seeking contest when the … than two, this equilibrium is unique up to a permutation of players, and has a lower rent dissipation than in a mixed …