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Contribution Details

Type Working Paper
Scope Discipline-based scholarship
Title The lottery contest is a best-response potential game
Organization Unit
  • Christian Ewerhart
  • English
Institution University of Zurich
Series Name Working paper series / Department of Economics
Number 242
ISSN 1664-7041
Number of Pages 8
Date 2017
Abstract Text 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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Keywords Potential games, Tullock contest, best-response equivalence, zero-sum games, Lotterie, Auszahlung , Nullsummenspiel
Additional Information Revised version