时间：2019-05-17
Date: 2019-05-24 (Fri)
Time：02:30 PM
Venue：Conference Room B110
PresiderProfessor: Chih-Chun Yang
SpeakerProfessor: Hanjoon Jung
Background: Professor Jung received his Ph.D. in Economics from Penn State University in 2007. He is currently an Associate Professor in Tianjin University. His primary research fields are Microeconomic Theory, Game Theory, Industrial Organization; Secondary is Political Economy.
Abstract: We study all-pay contests with two players in which there are multiple public-good prizes, only one of which will be selected, and the players compete, by making both sunk and conditional investment, over which prize to have awarded by a decision maker. Specifically, each prize may be a public good or even a public bad for players. We set up a game in which the players make their investment simultaneously and independently, and prove the existence of a Nash equilibrium of the game. We also provide the uniqueness condition of an equilibrium.
