Uniqueness of equilibrium in two-player asymmetric Tullock contests with intermediate discriminatory power
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DOI: 10.1016/j.econlet.2017.07.017
Abstract: This paper provides a different approach to establish the uniqueness of equilibrium in Tullock contests between two players with asymmetric valuations, when the discriminatory power r is between 1 and 2. Our result complements that… read more here.
Keywords: tullock contests; equilibrium two; uniqueness equilibrium; discriminatory power ... See more keywords
Curvature and uniqueness of equilibrium
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DOI: 10.1016/j.jmateco.2017.11.002
Abstract: Abstract Let E ( r ) be the equilibrium manifold associated to a smooth pure exchange economy with fixed total resources r . Balasko (1980) has shown that if the equilibrium price is unique for… read more here.
Keywords: uniqueness equilibrium; equilibrium; curvature uniqueness; economy ... See more keywords