Publication:
Continuity and Robustness of Bayesian Equilibria in Tullock Contests

Simple item page
dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorEiny, Ezra
dc.contributor.authorMoreno, Diego
dc.contributor.authorSela, A.
dc.contributor.editorUniversidad Carlos III de Madrid. Departamento de Economíaes
dc.contributor.funderComunidad de Madrides
dc.contributor.funderMinisterio de Economía y Competitividad (España)es
dc.date.accessioned2019-02-22T14:40:07Z
dc.date.available2019-02-22T14:40:07Z
dc.date.issued2019-02
dc.description.abstractWe study the continuity and robustness of the Bayesian equilibria of Tullock contests with incomplete information. We show that the Bayesian equilibrium correspondence is upper semicontinuous. We identify conditions under which the Bayesian equilibrium correspondence of Tullock contests with a unique equilibrium is also lower semicontinous. Furthermore, when the Bayesian equilibrium is unique, it is robust to small perturbations of the contest's attributes (the contest success function, and the players' information, value for the prize, and cost of effort).en
dc.description.sponsorshipAcknowledgments of financial support: Ministerio Economía Spain, grants ECO2014-55953-P and MDM2014-0431, and Comunidad de Madrid, grant S2015/HUM-3444 (Moreno).en
dc.format.mimetypeapplication/pdf
dc.identifier.issn2340-5031es
dc.identifier.urihttps://hdl.handle.net/10016/28116
dc.identifier.uxxiDT/0000001662es
dc.language.isoeng
dc.relation.ispartofseriesWorking paper. Economicsen
dc.relation.ispartofseries19-04es
dc.relation.projectIDGobierno de España. ECO2014-55953-Pes
dc.relation.projectIDGobierno de España. MDM2014-0431es
dc.relation.projectIDComunidad de Madrid. S2015/HUM-3444es
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 Españaes
dc.rights.accessRightsopen accessen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/*
dc.subject.jelC72es
dc.subject.jelD44es
dc.subject.jelD82es
dc.subject.otherTullock Contestsen
dc.subject.otherIncomplete Informationen
dc.subject.otherBayesian Correspondenceen
dc.subject.otherRobustness of Equilibriaen
dc.titleContinuity and Robustness of Bayesian Equilibria in Tullock Contestsen
dc.typeworking paper*
dc.type.hasVersionAO*
dspace.entity.typePublication
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
we1904.pdf
Size:
501.63 KB
Format:
Adobe Portable Document Format
Download
Collections
DE - Working Papers. Economics. WE