RT Generic
T1 Continuity and Robustness of Bayesian Equilibria in Tullock Contests
A1 Einy, Ezra
A1 Moreno, Diego
A1 Sela, A.
A2 Universidad Carlos III de Madrid. Departamento de Economía, 
AB We 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).
SN 2340-5031
YR 2019
FD 2019-02
LK https://hdl.handle.net/10016/28116
UL https://hdl.handle.net/10016/28116
LA eng
NO Acknowledgments of financial support: Ministerio Economía Spain, grants ECO2014-55953-P andMDM2014-0431, and Comunidad de Madrid, grant S2015/HUM-3444 (Moreno).
DS e-Archivo
RD 14 ago. 2024