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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
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Fighting for lemons: the encouragement effect in dynamic contests with private information
Beccuti, Juan; Möller, Marc - 2020
This paper proposes a tractable model of a dynamic contest where players have private information about the contest …
Persistent link: https://www.econbiz.de/10012318681
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Signaling in Dynamic Contests with Heterogenous Rivals
Catepillan, Jorge; Figueroa, Nicolas; Lemus, Jorge - 2022
We study signaling in dynamic contests with heterogeneous players. A privately-informed challenger faces a sequence of rivals of known types. The type of future rivals determines which signal the challenger wants to produce, whereas the strategic response of current rivals determines the extent...
Persistent link: https://www.econbiz.de/10013292789