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Existence of a pure-strategy Bayesian Nash equilibrium in imperfectly discriminating contests

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  • Wasser, Cédric

Abstract

We consider a general class of imperfectly discriminating contests with privately informed players. We show that findings by Athey (2001) imply the existence of a Bayesian Nash equilibrium in monotone pure strategies.

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Bibliographic Info

Paper provided by Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich in its series Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems with number 331.

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Date of creation: Jul 2010
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Handle: RePEc:trf:wpaper:331

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Keywords: contest; imperfectly discriminating; asymmetric information; equilibrium existence; interdependent values;

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  1. Richard Cornes & Roger Hartley, 2005. "Asymmetric contests with general technologies," Economic Theory, Springer, Springer, vol. 26(4), pages 923-946, November.
  2. Mark Fey, 2008. "Rent-seeking contests with incomplete information," Public Choice, Springer, Springer, vol. 135(3), pages 225-236, June.
  3. Jack Hirshleifer, 1989. "Conflict and rent-seeking success functions: Ratio vs. difference models of relative success," Public Choice, Springer, Springer, vol. 63(2), pages 101-112, November.
  4. Hurley, Terrance M. & Shogren, Jason F., 1998. "Asymmetric information contests," European Journal of Political Economy, Elsevier, vol. 14(4), pages 645-665, November.
  5. Ryvkin, Dmitry, 2010. "Contests with private costs: Beyond two players," European Journal of Political Economy, Elsevier, vol. 26(4), pages 558-567, December.
  6. Edward P. Lazear & Sherwin Rosen, 1979. "Rank-Order Tournaments as Optimum Labor Contracts," NBER Working Papers 0401, National Bureau of Economic Research, Inc.
  7. Karl Wärneryd, 2012. "Multi-player contests with asymmetric information," Economic Theory, Springer, Springer, vol. 51(2), pages 277-287, October.
  8. Vijay Krishna & John Morgan, 1994. "An Analysis of the War of Attrition and the All-Pay Auction," Game Theory and Information, EconWPA 9409002, EconWPA.
  9. Che, Yeon-Koo & Gale, Ian, 2000. "Difference-Form Contests and the Robustness of All-Pay Auctions," Games and Economic Behavior, Elsevier, Elsevier, vol. 30(1), pages 22-43, January.
  10. Athey, Susan, 2001. "Single Crossing Properties and the Existence of Pure Strategy Equilibria in Games of Incomplete Information," Econometrica, Econometric Society, Econometric Society, vol. 69(4), pages 861-89, July.
  11. Konrad, Kai A., 2009. "Strategy and Dynamics in Contests," OUP Catalogue, Oxford University Press, Oxford University Press, number 9780199549603, October.
  12. Warneryd, Karl, 2003. "Information in conflicts," Journal of Economic Theory, Elsevier, Elsevier, vol. 110(1), pages 121-136, May.
  13. Dasgupta, Ani & Nti, Kofi O., 1998. "Designing an optimal contest," European Journal of Political Economy, Elsevier, vol. 14(4), pages 587-603, November.
  14. Blavatskyy, Pavlo R., 2010. "Contest success function with the possibility of a draw: Axiomatization," Journal of Mathematical Economics, Elsevier, vol. 46(2), pages 267-276, March.
  15. Stergios Skaperdas, 1996. "Contest success functions (*)," Economic Theory, Springer, Springer, vol. 7(2), pages 283-290.
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Cited by:
  1. Christian Ewerhart, 2014. "Unique equilibrium in rent-seeking contests with a continuum of types," ECON - Working Papers, Department of Economics - University of Zurich 159, Department of Economics - University of Zurich.

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