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Existence, Uniqueness, and Comparative Statics in Contests

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posted on 12.10.2015, 09:13 by Martin Kaae Jensen
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

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Citation

Jensen, MK, Existence, Uniqueness, and Comparative Statics in Contests, 'Festschrift For Prof. Okuguchi', Springer Verlag, (In press)

Author affiliation

/Organisation/COLLEGE OF SOCIAL SCIENCE/Department of Economics

Version

AM (Accepted Manuscript)

Published in

Jensen

Publisher

Springer Verlag

Acceptance date

01/09/2015

Notes

The file associated with this record is under permanent embargo from acceptance in accordance with the publisher's copyright agreement.

Language

en

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