Existence of a pure-strategy Bayesian Nash equilibrium in imperfectly discriminating contests

Wasser, Cédric (July 2010): Existence of a pure-strategy Bayesian Nash equilibrium in imperfectly discriminating contests. SFB/TR 15 Discussion Paper No. 331

Abstract

We consider a general class of imperfectly discriminating contests with privately informed players. We show that findings by Athey (2001) imply the existence of a Bayesian Nash equilibrium in monotone pure strategies.

• Item Type: Paper
• Keywords: contest, imperfectly discriminating, asymmetric information, equilibrium existence, interdependent values
• Faculties: Special Research Fields > Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems; Special Research Fields > Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems > A7 - Auktionen, Anreizprobleme und Wettbewerb
• Subjects: 300 Social sciences > 330 Economics
• JEL Classification: D72, D74, D82, C72
• Language: English