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On the Nash Equilibrium of Asymmetric Public-Good Contests

In: Equilibrium Theory for Cournot Oligopolies and Related Games

Author

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  • Takeshi Yamazaki

    (Niigata University)

Abstract

In this paper we study a rent-seeking contest where several groups compete for a prize which is a public good among players in a group. In the contest players in a group may evaluate the prize of the contest differently. We prove that such an asymmetric public-good contest with a general contest success function possesses a unique pure-strategy Nash equilibrium, where the equilibrium is unique in the sense that the total expenditure of each group is uniquely determined. We also present some comparative statics in the model.

Suggested Citation

  • Takeshi Yamazaki, 2016. "On the Nash Equilibrium of Asymmetric Public-Good Contests," Springer Series in Game Theory, in: Pierre von Mouche & Federico Quartieri (ed.), Equilibrium Theory for Cournot Oligopolies and Related Games, pages 269-279, Springer.
    • Handle: RePEc:spr:spschp:978-3-319-29254-0_16
    DOI: 10.1007/978-3-319-29254-0_16
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