Einy, Ezra; Moreno, Diego; Shitovitz, Benyamin - Departamento de Economía, Universidad Carlos III de Madrid - 2014
We study how changes in the information available to the players of a symmetric common-value Tullock contest with incomplete information affect their payoffs and their incentives to exert effort. For the class of contests where players' state dependent cost of effort is multiplicative, we show...