Submodularity and supermodularity in contest games
This paper presents various examples of two‐player submodular or supermodular contest games. Emphasizing the three main elements of a contest model, our examples revolve around situations where (i) contest success function allows for a draw, (ii) winning prize is not exogenously given but rather joi...
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Veröffentlicht in: | International journal of economic theory 2024-06, Vol.20 (2), p.182-198 |
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Hauptverfasser: | , , |
Format: | Artikel |
Sprache: | eng |
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Zusammenfassung: | This paper presents various examples of two‐player submodular or supermodular contest games. Emphasizing the three main elements of a contest model, our examples revolve around situations where (i) contest success function allows for a draw, (ii) winning prize is not exogenously given but rather jointly produced, or (iii) individual effort cost also depends on the rival's effort. We then illustrate how submodularity and supermodularity can be used to study the existence of equilibrium, the order structure of the equilibrium set, and monotone comparative statics in such contest game examples. |
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ISSN: | 1742-7355 1742-7363 |
DOI: | 10.1111/ijet.12395 |