Arbeitspapier
Colonel Blotto games with a head start
This paper studies Colonel Blotto games with two battlefields where one player has a head start in the form of additional troops on one of the battlefields. Such games arise naturally in marketing, electoral competition, and military conflict. Sion and Wolfe (1957) have shown that, if the strategy space is continuous, a mixed-strategy Nash equilibrium need not exist. Therefore, we consider a finite approximation. Using the iterated elimination of (weakly) dominated strategies, we identify an equilibrium for all parameter constellations and discuss its uniqueness properties. In equilibrium, resource decisions are typically not uniform but tend to concern units that roughly correspond in size to multiples of the head start. Moreover, competition takes the form of a hide-and-seek game, where the favorite tries to outguess the number of units that the underdog commits to the balanced battlefield. Somewhat unexpectedly, equilibrium payoffs of finite approximations of the Sion-Wolfe game accumulate around precisely three values. We also discuss the relation to the model with heterogeneous budgets but no head start.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 417
- Classification
-
Wirtschaft
Existence and Stability Conditions of Equilibrium
Noncooperative Games
Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- Subject
-
Colonel Blotto games
head start
Nash equilibrium
finite approximation
- Event
-
Geistige Schöpfung
- (who)
-
Aspect, Leopold
Ewerhart, Christian
- Event
-
Veröffentlichung
- (who)
-
University of Zurich, Department of Economics
- (where)
-
Zurich
- (when)
-
2022
- DOI
-
doi:10.5167/uzh-220546
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Aspect, Leopold
- Ewerhart, Christian
- University of Zurich, Department of Economics
Time of origin
- 2022