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|The lottery contest is a best-response potential game
|University of Zurich
|Working paper series / Department of Economics
|Number of Pages
|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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|Potential games, Tullock contest, best-response equivalence, zero-sum games, Lotterie, Auszahlung