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This paper studies the incentives for interim voluntary disclosure of verifiable information in probabilistic all-pay contests. Provided that the contest is uniformly asymmetric, full revelation is the unique perfect Bayesian equilibrium outcome. This is so because the weakest type of the...
Persistent link: https://www.econbiz.de/10013251018
time. Fairness considerations appear to be important in explaining the deviation from theory. For a plaintiff with a strong … case, the return to revealing private information is approximately zero, while theory predicts that this return should be …
Persistent link: https://www.econbiz.de/10013079903
The theory of voluntary disclosure of information posits that market forces lead senders to disclose information …
Persistent link: https://www.econbiz.de/10012024603
This paper studies the incentives for interim voluntary disclosure of verifiable information in probabilistic all-pay contests. Provided that the contest is uniformly asymmetric, full revelation is the unique perfect Bayesian equilibrium outcome. This is so because the weakest type of the...
Persistent link: https://www.econbiz.de/10012420336
This paper studies the incentives for interim voluntary disclosure of verifiable information in probabilistic all-pay contests with two-sided incomplete information. Private information may concern marginal cost, valuations, and ability. Our main result says that, if the contest is uniformly...
Persistent link: https://www.econbiz.de/10014321141
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