English

Best-Response Dynamics in Tullock Contests with Convex Costs

Computer Science and Game Theory 2023-10-09 v2 Theoretical Economics

Abstract

We study the convergence of best-response dynamics in Tullock contests with convex cost functions (these games always have a unique pure-strategy Nash equilibrium). We show that best-response dynamics rapidly converges to the equilibrium for homogeneous agents. For two homogeneous agents, we show convergence to an ϵ\epsilon-approximate equilibrium in Θ(loglog(1/ϵ))\Theta(\log\log(1/\epsilon)) steps. For n3n \ge 3 agents, the dynamics is not unique because at each step n12n-1 \ge 2 agents can make non-trivial moves. We consider the model proposed by Ghosh and Goldberg (2023), where the agent making the move is randomly selected at each time step. We show convergence to an ϵ\epsilon-approximate equilibrium in O(βlog(n/(ϵδ)))O(\beta \log(n/(\epsilon\delta))) steps with probability 1δ1-\delta, where β\beta is a parameter of the agent selection process, e.g., β=n2log(n)\beta = n^2 \log(n) if agents are selected uniformly at random at each time step. We complement this result with a lower bound of Ω(n+log(1/ϵ)/log(n))\Omega(n + \log(1/\epsilon)/\log(n)) applicable for any agent selection process.

Keywords

Cite

@article{arxiv.2310.03528,
  title  = {Best-Response Dynamics in Tullock Contests with Convex Costs},
  author = {Abheek Ghosh},
  journal= {arXiv preprint arXiv:2310.03528},
  year   = {2023}
}

Comments

43 pages. WINE '23 version

R2 v1 2026-06-28T12:41:32.121Z