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Type | Working Paper |
Scope | Discipline-based scholarship |
Title | Equilibrium in the symmetric Hirshleifer contest: uniqueness and characterization |
Organization Unit | |
Authors |
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Language |
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Institution | University of Zurich |
Series Name | Working paper series / Department of Economics |
Number | 286 |
ISSN | 1664-7041 |
Number of Pages | 10 |
Date | 2018 |
Abstract Text | The symmetric two-player Hirshleifer (1989) contest is shown to admit a unique equilibrium. The support of the equilibrium strategy is finite and includes, in particular, the zero expenditure level. We also establish a lower bound for the cardinality of the support and an upper bound for the undissipated rent. |
Official URL | http://www.econ.uzh.ch/static/wp/econwp286.pdf |
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PDF File | Download from ZORA |
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Keywords | Contests, mixed-strategy equilibrium, rent dissipation, uniqueness, Hirshleifer, Jack (Wirtschaftswissenschafter), Spieltheorie, Gleichgewicht, Kardinalitätsfunktion |