A note on Bayesian Nash equilibria in imperfectly discriminating contests

نویسنده

  • Cédric Wasser
چکیده

The literature on imperfectly discriminating contests has almost exclusively focused on complete information. We study such contests assuming players have private information. We identify a general class of imperfectly discriminating contests for which findings by Athey (2001) imply the existence of a Bayesian Nash equilibrium in monotone pure strategies. The main assumptions are that a player’s valuation of winning is increasing in the signal he observes and that a player’s probability of winning is continuous in the efforts of all players as well as increasing in his own effort. JEL classification: D72, D74, D82, C72

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

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عنوان ژورنال:
  • Mathematical Social Sciences

دوره 66  شماره 

صفحات  -

تاریخ انتشار 2013