Optimal Sequential Contests

I study sequential contests where the efforts of earlier players may be disclosed to later players by nature or by design. The model has a range of applications, including rent seeking, R&D, oligopoly, public goods provision, and tragedy of the commons. I show that information about other players' efforts increases the total effort. Thus, the total effort is maximized with full transparency and minimized with no transparency. I also study the advantages of moving earlier and the limits of large contests

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Year of publication:	2018
Authors:	Hinnosaar, Toomas
Publisher:	[2018]: [S.l.] : SSRN
Subject:	Spieltheorie \| Game theory \| Extensives Spiel \| Extensive form game \| Auktionstheorie \| Auction theory

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