Risk aversion in symmetric and asymmetric contests

DOI10.1007/s00199-009-0490-9zbMath1263.91005OpenAlexW2076507138MaRDI QIDQ690685

Richard Cornes, Roger T. Hartley

Publication date: 28 November 2012

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: http://hummedia.manchester.ac.uk/schools/soss/economics/discussionpapers/EDP-0806.pdf

zbMATH Keywords

noncooperative gamesaggregative gamesrisk aversioncontest theory

Mathematics Subject Classification ID

Noncooperative games (91A10) Voting theory (91B12) General equilibrium theory (91B50)

Related Items (18)

On equilibrium existence in generalized multi-prize nested lottery contests ⋮ Asymmetric endogenous prize contests ⋮ Auctioning risk: the all-pay auction under mean-variance preferences ⋮ Existence and Uniqueness of Nash Equilibrium in Aggregative Games: An Expository Treatment ⋮ Expectations-based loss aversion in contests ⋮ Auctions with endogenous opting‐out fees and recursive winning procedures from the Talmud ⋮ Rent dissipation in simple Tullock contests ⋮ The power of money: wealth effects in contests ⋮ Unique equilibrium in contests with incomplete information ⋮ Risk aversion in symmetric and asymmetric contests ⋮ Endogenous entry in contests ⋮ Fragility of the commons under prospect-theoretic risk attitudes ⋮ Multi-prize contests with risk-averse players ⋮ Risk preference heterogeneity in group contests ⋮ Cumulative prospect theory preferences in rent-seeking contests ⋮ Constant risk aversion in stochastic contests with exponential completion times ⋮ Effects of risk aversion on all-pay auction with reimbursement ⋮ Strategically equivalent contests

Cites Work

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• A Theory of Exit in Duopoly
• Comparative Statics of Contests and Rent-Seeking Games
• A Further Generalization of the Kakutani Fixed Point Theorem, with Application to Nash Equilibrium Points

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