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A lottery Blotto game with heterogeneous items of asymmetric valuations
- Authors
- Kim, Geofferey Jiyun; Kim, Jerim; Kim, Bara
- Issue Date
- 12월-2018
- Publisher
- ELSEVIER SCIENCE SA
- Keywords
- Lottery Blotto game; Heterogeneous items; Asymmetric valuations; Nash equilibria; Lagrange multiplier
- Citation
- ECONOMICS LETTERS, v.173, pp.1 - 5
- Indexed
- SSCI
SCOPUS
- Journal Title
- ECONOMICS LETTERS
- Volume
- 173
- Start Page
- 1
- End Page
- 5
- ISSN
- 0165-1765
- Abstract
- We develop a multi-player lottery Blotto game in which each contested item can be valuated differently by involved agents and in which each contested item can be differently valuated from other contested items. We prove that the Blotto game with a finite number of agents has a Nash equilibrium. We characterize all Nash equilibria for the case of two agents. (C) 2018 Elsevier B.V. All rights reserved.
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