Abstract
In Tullock contests in which the common value of the prize is uncertain, information advantages are rewarded: if a player i has better information about the value than some other player j, then the payoff of i is greater or equal to the payoff of j, regardless of the information of the other players.
Original language | English |
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Pages (from-to) | 34-36 |
Number of pages | 3 |
Journal | Economics Letters |
Volume | 172 |
DOIs | |
State | Published - 1 Nov 2018 |
Keywords
- Common value
- Information advantage
- Tullock contests
ASJC Scopus subject areas
- Finance
- Economics and Econometrics