
TL;DR
This paper analyzes symmetric competition models where players select distributions over a performance index with convex costs, establishing equilibrium existence, properties, and applications to various economic contests.
Contribution
It introduces a framework for symmetric distributional competition, proving equilibrium existence and characterizing it through a first-order approach, with multiple economic applications.
Findings
Existence of symmetric equilibrium established.
Characterization of equilibrium via first-order conditions.
Applications to R&D, oligopoly, and rank-order contests.
Abstract
I study symmetric competitions in which each player chooses an arbitrary distribution over a one-dimensional performance index, subject to a convex cost. I establish existence of a symmetric equilibrium, document various properties it must possess, and provide a characterization via the first-order approach. Manifold applications--to R\&D competition, oligopolistic competition with product design, and rank-order contests--follow.
Peer Reviews
No public reviews on file for this paper yet. If you reviewed it on a platform where reviews are public (OpenReview, ICLR, NeurIPS, ICML), you can paste yours below so the community can read it here.
Videos
No videos yet. Explain this paper in a talk, walkthrough, or lecture? Add one.
