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Equilibrium in the Symmetric Two-Player Hirshleifer Contest: Uniqueness and Characterization
Ewerhart, C; Sun, G. Z.
2018-08-01
Source PublicationEconomics Letters
ISSN0165-1765
Pages51-54
AbstractThe symmetric two-player Hirshleifer contest admits a unique equilibrium. The equilibrium support is finite and includes the zero expenditure level. We also establish a lower bound for the cardinality of the support and an upper bound for the undissipated rent.
KeywordContests Mixed-strategy equilibrium Rent dissipation Uniqueness
Language英語English
The Source to ArticlePB_Publication
PUB ID40087
Document TypeJournal article
CollectionDEPARTMENT OF ECONOMICS
Recommended Citation
GB/T 7714
Ewerhart, C,Sun, G. Z.. Equilibrium in the Symmetric Two-Player Hirshleifer Contest: Uniqueness and Characterization[J]. Economics Letters, 2018, 51-54.
APA Ewerhart, C., & Sun, G. Z. (2018). Equilibrium in the Symmetric Two-Player Hirshleifer Contest: Uniqueness and Characterization. Economics Letters, 51-54.
MLA Ewerhart, C,et al."Equilibrium in the Symmetric Two-Player Hirshleifer Contest: Uniqueness and Characterization".Economics Letters (2018):51-54.
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