Before revision:  If there are search frictions, then if the expected value of the prize is sufficiently high, there is a  symmetric equilibrium in pure strategies, but if it is too low, there is no such pure strategy equilibrium .
After revision:  If there are search frictions, if the expected value of the prize is sufficiently high, there is a symmetric equilibrium in pure strategies, but if it is too low, there is no such pure strategy equilibrium .