CeDEx workshop - Alexander Matros (Lancaster University)

Contests with Identity-Dependent Externalities

Abstract:

In an n-player contest with externalities, each player has a multidimensional payoff function. This player's payoff function specifies the payoff she would get for each of the n possible outcomes: player i (i=1,...,n) gets the prize. We provide conditions for existence and uniqueness of full-participation equilibrium where each player exerts positive effort.