Multi-player contests with asymmetric information

B-Tier
Journal: Economic Theory
Year: 2012
Volume: 51
Issue: 2
Pages: 277-287

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

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

Abstract

We consider imperfectly discriminating, common-value, all-pay auctions (or contests) in which some players know the value of the prize, others do not. We show that if the prize is always of positive value, then all players are active in equilibrium. If the prize is of value zero with positive probability, then there is some threshold number of informed players such that if there are less, all uninformed players are active, and otherwise all uninformed players are inactive. Copyright Springer-Verlag 2012

Technical Details

RePEc Handle
repec:spr:joecth:v:51:y:2012:i:2:p:277-287
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29