All-pay indifference equation with random entry

ID: all-pay-indifference-equation-with-random-entry

For a prize of value , let be the probability that a rival is absent or enters with effort at most . When rivals act independently and have no atoms at positive efforts, effort wins with probability . If a player mixes over an interval of best responses, its payoff on that interval is constant, so . If the absence probability is and the active effort support starts at zero, then .

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