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Tullock contests reward information advantages

Author

Listed:
  • Aiche, Avishay
  • Einy, Ezra
  • Haimanko, Ori
  • Moreno, Diego
  • Sela, Aner
  • Shitovitz, Benyamin

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.

Suggested Citation

  • Aiche, Avishay & Einy, Ezra & Haimanko, Ori & Moreno, Diego & Sela, Aner & Shitovitz, Benyamin, 2018. "Tullock contests reward information advantages," Economics Letters, Elsevier, vol. 172(C), pages 34-36.
    • Handle: RePEc:eee:ecolet:v:172:y:2018:i:c:p:34-36
    DOI: 10.1016/j.econlet.2018.08.017
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    References listed on IDEAS

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    1. Einy, Ezra & Moreno, Diego & Shitovitz, Benyamin, 2002. "Information Advantage in Cournot Oligopoly," Journal of Economic Theory, Elsevier, vol. 106(1), pages 151-160, September.
    2. Szidarovszky, Ferenc & Okuguchi, Koji, 1997. "On the Existence and Uniqueness of Pure Nash Equilibrium in Rent-Seeking Games," Games and Economic Behavior, Elsevier, vol. 18(1), pages 135-140, January.
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    Cited by:

    1. A. Aiche & E. Einy & O. Haimanko & D. Moreno & A. Sela & B. Shitovitz, 2019. "Information in Tullock contests," Theory and Decision, Springer, vol. 86(3), pages 303-323, May.
    2. Ezra Einy & Diego Moreno & Aner Sela, 2020. "Continuity and robustness of Bayesian equilibria in Tullock contests," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 8(2), pages 333-345, October.

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    More about this item

    Keywords

    Tullock contests; Common value; Information advantage;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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