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Rent-seeking contests under symmetric and asymmetric information
Wasser, Cédric - 2010
We consider a variant of the Tullock rent-seeking contest. Under symmetric information we determine equilibrium … the distribution costs are drawn from and on the exact specification of the contest success function. …
Persistent link: https://www.econbiz.de/10003950459
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Existence of a pure-strategy Bayesian Nash equilibrium in imperfectly discriminating contests
Wasser, Cédric - 2010
We consider a general class of imperfectly discriminating contests with privately informed players. We show that findings by Athey (2001) imply the existence of a Bayesian Nash equilibrium in monotone pure strategies.
Persistent link: https://www.econbiz.de/10008822063
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Alliance formation in contests with incomplete information
Metzger, Lars - 2015
This paper studies a contest in which players with unobservable types may form an alliance in a pre-stage of the game … effort choice in the contest and there exist equilibria in which all types prefer to form an alliance. If the formation of an …
Persistent link: https://www.econbiz.de/10010487967
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Divide and conquer : noisy communication in networks, power, and wealth distribution
Pérez Oviedo, Wilson - 2004
In a society composed of a ruler and its citizens: what are the determinants of the political equilibrium between these two? This paper approaches this problem as a game played between a ruler who has to decide the distribution of the aggregate income and a group of agents/citizens who have the...
Persistent link: https://www.econbiz.de/10011600156
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Incomplete Information in Rent-seeking Contests
Wasser, Cédric - 2014
We consider a variant of the Tullock lottery contest. Each player's constant marginal cost of effort is drawn from a … dissipation, however, is higher than in the latter settings if we focus on the standard lottery contest and assume costs are all …
Persistent link: https://www.econbiz.de/10013070148
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Alliance Formation in Contests with Incomplete Information
Metzger, Lars - 2015
This paper studies a contest in which players with unobservable types may form an alliance in a pre-stage of the game … effort choice in the contest and there exist equilibria in which all types prefer to form an alliance. If the formation of an …
Persistent link: https://www.econbiz.de/10013025736
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Comparative Cheap Talk
Chakraborty, Archishman; Harbaugh, Rick - 2014
When are comparative statements credible? For instance, when can a professor rank different students for an employer, or a stock analyst rank different stocks for a client? We show that simple complementarity conditions ensure that an expert with private information about multiple issues can...
Persistent link: https://www.econbiz.de/10014029348
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Incomplete information in rent-seeking contests
Wasser, Cédric - In: Economic theory : official journal of the Society for … 53 (2013) 1, pp. 239-268
Persistent link: https://www.econbiz.de/10009745716
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Optimal Favoritism in Contests with Identity-Contingent Prizes
Lu, Jingfeng; Wang, Zhewei; Zhou, Lixue - 2021
-effort-maximizing (contest) designer should offer a larger prize to the strong player if and only if the contest is sufficiently noisy. Our … results are in contrast to conventional wisdom obtained from contest models with biased winner selection rules, in which …
Persistent link: https://www.econbiz.de/10013238191
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Voluntary disclosure in unfair contests
Ewerhart, Christian; Lareida, Julia - 2018
contest is unfair regardless of disclosure decisions. Under this condition, full revelation is the unique perfect Bayesian … equilibrium outcome of the contest with pre-play communication. This is so because the weakest type of the underdog will try to … moderate the favorite, while the strongest type of the favorite will try to discourage the underdog - so that the contest …
Persistent link: https://www.econbiz.de/10011805749