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Sequential lottery contests with multiple participants

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  • Kahana, Nava
  • Klunover, Doron

Abstract

We apply aggregative games techniques in a novel fashion in the analysis of sequential lottery contests with n players to show that, there exists a unique subgame perfect equilibrium in pure strategies.

Suggested Citation

  • Kahana, Nava & Klunover, Doron, 2018. "Sequential lottery contests with multiple participants," Economics Letters, Elsevier, vol. 163(C), pages 126-129.
    • Handle: RePEc:eee:ecolet:v:163:y:2018:i:c:p:126-129
    DOI: 10.1016/j.econlet.2017.12.010
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    References listed on IDEAS

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    1. Richard Cornes & Roger Hartley, 2005. "Asymmetric contests with general technologies," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 26(4), pages 923-946, November.
    2. Avinash Dixit, 2008. "Strategic Behavior in Contests," Springer Books, in: Roger D. Congleton & Arye L. Hillman & Kai A. Konrad (ed.), 40 Years of Research on Rent Seeking 1, pages 431-438, Springer.
    3. Yildirim, Huseyin, 2005. "Contests with multiple rounds," Games and Economic Behavior, Elsevier, vol. 51(1), pages 213-227, April.
    4. Leininger, Wolfgang, 1993. "More Efficient Rent-Seeking--A Munchhausen Solution," Public Choice, Springer, vol. 75(1), pages 43-62, January.
    5. Robson, Arthur J, 1990. "Stackelberg and Marshall," American Economic Review, American Economic Association, vol. 80(1), pages 69-82, March.
    6. Cornes, Richard & Hartley, Roger, 2012. "Fully aggregative games," Economics Letters, Elsevier, vol. 116(3), pages 631-633.
    7. Marco Serena, 2017. "Sequential contests revisited," Public Choice, Springer, vol. 173(1), pages 131-144, October.
    8. Morgan, John, 2003. "Sequential Contests," Public Choice, Springer, vol. 116(1-2), pages 1-18, July.
    9. Cornes, Richard & Hartley, Roger, 2003. "Risk Aversion, Heterogeneity and Contests," Public Choice, Springer, vol. 117(1-2), pages 1-25, October.
    10. Glazer, Amihai & Hassin, Refael, 2000. "Sequential Rent Seeking," Public Choice, Springer, vol. 102(3-4), pages 219-228, March.
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    Citations

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    Cited by:

    1. Hinnosaar, Toomas, 2024. "Optimal sequential contests," Theoretical Economics, Econometric Society, vol. 19(1), January.
    2. Stefano Barbieri & Marco Serena, 2020. "Fair Representation in Primaries: Heterogeneity and the New Hampshire Effect," Working Papers tax-mpg-rps-2020-07, Max Planck Institute for Tax Law and Public Finance.
    3. Wang, Zhewei & Zhou, Lixue, 2022. "Information disclosure in sequential (and simultaneous) contests," Economics Letters, Elsevier, vol. 212(C).
    4. Lu, Jingfeng & Lu, David, 2020. "Task arrangement in team competitions," Economics Letters, Elsevier, vol. 193(C).
    5. Klunover, Doron, 2018. "A note on rent dissipation in lottery contests," Economics Letters, Elsevier, vol. 168(C), pages 90-93.
    6. Arthur B. Nelson & Dmitry Ryvkin, 2019. "Contests with sequential moves: An experimental study," Working Papers wp2019_11_01, Department of Economics, Florida State University.

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    More about this item

    Keywords

    Aggregative games; Sequential contests; Subgame perfect equilibrium;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets

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