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| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | The lottery contest is a best-response potential game |
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| 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. |
| Official URL | http://www.econ.uzh.ch/static/wp/econwp242.pdf |
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| Keywords | Potential games, Tullock contest, best-response equivalence, zero-sum games, Lotterie, Auszahlung |
| Additional Information | Revised version |