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Title: Existence, Uniqueness, and Comparative Statics in Contests
Authors: Jensen, Martin Kaae
First Published: 2015
Publisher: Springer Verlag
Citation: Jensen, MK, Existence, Uniqueness, and Comparative Statics in Contests, 'Festschrift For Prof. Okuguchi', Springer Verlag, (In press)
Abstract: Many important games are aggregative allowing for robust comparative statics analysis even when a game does not exhibit strategic complements or substitutes (Acemoglu and Jensen (2013)). This paper establishes such comparative statics results for contests improving upon existing results by (i) allowing payoff functions to be discontinuous at the origin, and (ii) allowing for asymmetric rent-seeking contests and patent races. A leading example where (i) is relevant is the classical Tullock contest (Tullock (1980)). The paper also studies existence and uniqueness of equilibria extending the results of Szidarovszky and Okuguchi (1997) and Cornes and Hartley (2005) to patent races
Embargo on file until: 1-Jan-10000
Version: Post-print
Status: Peer-reviewed
Type: Chapter
Rights: Copyright © Springer Verlag.
Description: The file associated with this record is under permanent embargo from acceptance in accordance with the publisher's copyright agreement.
Appears in Collections:Books & Book Chapters, Dept. of Economics

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