Common-value contests with asymmetric information

C-Tier
Journal: Economics Letters
Year: 2013
Volume: 120
Issue: 3
Pages: 525-527

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We consider two-player, perfectly discriminatory, common-value contests (or all-pay auctions), in which one player knows the value of the contested object with certainty, and the other knows only its prior distribution. We show, among other things, that in equilibrium the players win with equal probability. This contrasts with a large class of imperfectly discriminatory contests in which the uninformed player wins with a strictly greater probability than the informed player.

Technical Details

RePEc Handle
repec:eee:ecolet:v:120:y:2013:i:3:p:525-527
Journal Field
General
Author Count
1
Added to Database
2026-01-29