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Participation in deterministic contests

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  • Siegel, Ron

Abstract

This paper considers participation in deterministic contests for m≥1 identical prizes, which employ an auction-like rule to determine the winners. In most papers that investigate such models, participation by precisely m+1 players is associated with players having complete information about their opponents’ characteristics, and participation by more than m+1 players is associated with players having incomplete information about their opponents’ characteristics. I show that incomplete information is in fact neither sufficient nor necessary for participation by more than m+1 players.

Suggested Citation

  • Siegel, Ron, 2012. "Participation in deterministic contests," Economics Letters, Elsevier, vol. 116(3), pages 588-592.
    • Handle: RePEc:eee:ecolet:v:116:y:2012:i:3:p:588-592
    DOI: 10.1016/j.econlet.2012.06.006
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    References listed on IDEAS

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    1. Michael R. Baye & Dan Kovenock & Casper G. Vries, 1996. "The all-pay auction with complete information," Springer Books, in: Roger D. Congleton & Arye L. Hillman & Kai A. Konrad (ed.), 40 Years of Research on Rent Seeking 1, pages 209-223, Springer.
    2. Arye Hillman & Dov Samet, 1987. "Dissipation of contestable rents by small numbers of contenders," Public Choice, Springer, vol. 54(1), pages 63-82, January.
    3. Ron Siegel, 2009. "All-Pay Contests," Econometrica, Econometric Society, vol. 77(1), pages 71-92, January.
    4. Yeon-Koo Che & Ian L. Gale, 2008. "Caps on Political Lobbying," Springer Books, in: Roger D. Congleton & Kai A. Konrad & Arye L. Hillman (ed.), 40 Years of Research on Rent Seeking 2, pages 337-345, Springer.
    5. Arye L. Hillman & John G. Riley, 1989. "Politically Contestable Rents And Transfers," Economics and Politics, Wiley Blackwell, vol. 1(1), pages 17-39, March.
    6. Clark, Derek J & Riis, Christian, 1998. "Competition over More Than One Prize," American Economic Review, American Economic Association, vol. 88(1), pages 276-289, March.
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    Cited by:

    1. Ivan Pastine & Tuvana Pastine, 2023. "Equilibrium existence and expected payoffs in all-pay auctions with constraints," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(4), pages 983-1007, May.

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    More about this item

    Keywords

    Deterministic contests; Participation; All-pay;
    All these keywords.

    JEL classification:

    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • D7 - Microeconomics - - Analysis of Collective Decision-Making

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