1. Strategic Behavior in Contests: Comment.
- Author
-
Baye, Michael R. and Shin, Onsong
- Subjects
SYMMETRIC functions ,NASH equilibrium ,SIMULTANEOUS games (Game theory) ,GAME-theoretical semantics ,MATHEMATICAL models - Abstract
The article presents an example which suggests that an additional assumption is needed before one can infer that the Nash equilibrium to a symmetric simultaneous-move two-player contest is identical to the subgame-perfect equilibrium of the corresponding sequential-move contest in which the strategy space is restricted to a neighborhood of the simultaneous-move equilibrium.
- Published
- 1999
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