Showing 1 - 10 of 14
, sufficiently high (but still binding) bid caps do not change the players' expected total effort compared to the benchmark auction …
Persistent link: https://www.econbiz.de/10010960213
Under standard assumptions about players'cost functions, we show that a Tullock contest with asymmetric information has a pure strategy equilibrium. Next we study Tullock contests in which players have a common value and a common state-independent linear cost function. A two-player contest in...
Persistent link: https://www.econbiz.de/10011272224
We study multi-stage sequential all-pay contests (auctions) where heterogeneous contestants are privately informed about a parameter (ability) that affects their cost of effort. We characterize the Perfect Baysian equilibrium of these multi-stage sequential all-pay contests and analyze the...
Persistent link: https://www.econbiz.de/10011272232
We study two-player common-value all-pay auctions in which the players have ex-ante asymmetric information represented by finite partitions of the set of possible values of winning. We consider two families of such auctions: in the first, one of the players has an information advantage...
Persistent link: https://www.econbiz.de/10011272249
We study a sequential Tullock contest with two stages and two identical prizes. The players compete for one prize in each stage and each player may win either one or two prizes. The players have either decreasing or increasing marginal values for the prizes, which are commonly known, and there...
Persistent link: https://www.econbiz.de/10011272261
We study a sequential (Stackelberg) all-pay auction with two contestants who are privately informed about a parameter … characterize the unique subgame perfect equilibrium of this sequential all-pay auction and analyze the use of head starts to …
Persistent link: https://www.econbiz.de/10009386359
We study a sequential two-stage all-pay auction with two identical prizes. In each stage, the players compete for one … stages. We analyze the equilibrium in this sequential all-pay auction with bid caps and show that capping the players' bids …
Persistent link: https://www.econbiz.de/10008727312
We study all-pay contests with an exogenous minimal effort constraint where a player can participate in a contest only if his effort (output) is equal to or higher than the minimal effort constraint. Contestants are privately informed about a parameter (ability) that affects their cost of...
Persistent link: https://www.econbiz.de/10008727314
We study optimal contest design in situations where the designer can reward high performance agents with positive prizes and punish low performance agents with negative prizes. We link the optimal prize structure to the curvature of distribution of abilities in the population. In particular, we...
Persistent link: https://www.econbiz.de/10008498311
We study two-stage political contests with private entry costs. We show that these political contests could be ineffective, namely, the chance of low ability candidates participating in the contest might be higher than the chance of high ability candidates participating in the contest (and...
Persistent link: https://www.econbiz.de/10008577379