Showing 1 - 4 of 4
A contestant’s effort depends on her knowledge of her rival’s type. This knowledge is often limited in real-life contests. We propose a model where the principal of a contest has commitment power to verifiably disclose contestants’ types. We investigate the optimal disclosure policy to...
Persistent link: https://www.econbiz.de/10014497469
<Para ID="Par1">We analyze an all-pay group contest in which individual members’ efforts are aggregated via the best-shot technology and the prize is a public good for the winning group. The interplay of within-group free-riding and across-group competition allows for a wide variety of equilibria, according...</para>
Persistent link: https://www.econbiz.de/10011151155
We investigate the private provision of a public good whose level is determined by the maximum effort made by a group member. Costs of effort are either commonly known or privately known. For symmetric perfect-information games, any number of players may be active and we characterize the unique...
Persistent link: https://www.econbiz.de/10010993616
Persistent link: https://www.econbiz.de/10005597829