Publication:
Tullock Contests Reward Information Advantages

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URI: https://hdl.handle.net/10016/27107
ISSN: 2340-5031
UXXI: DT/0000001622
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we1804.pdf (218.33 KB)
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2018-06-28
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Abstract
In Tullock contests in which the common value of the prize is uncertain, information advantages are rewarded: if a player i has better information about the value than some other player j, then the payoff of i is greater or equal to the payoff of j, regardless of the information of the other players.
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Tullock Contests, Common Value, Information Advantage
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DE - Working Papers. Economics. WE