Fu, Qiang; Jiao, Qian; Lu, Jingfeng - In: Economics Letters 125 (2014) 3, pp. 376-380
This paper investigates whether a contest organizer should disclose private information about bidders’ abilities in a multi-prize all-pay auction. Bidders’ abilities are randomly distributed and observed by the contest organizer; the organizer decides whether to disclose this information...