Showing 1 - 10 of 139
Persistent link: https://www.econbiz.de/10010493722
We consider a two-player all-pay auction with symmetric independent private values that are uniformly distributed. The designer chooses the size of a head start that is given to one of the players. The designer's objective is to maximize a convex combination of the expected highest effort and...
Persistent link: https://www.econbiz.de/10014147439
Persistent link: https://www.econbiz.de/10008909190
We consider a variant of the Tullock rent-seeking contest. Under symmetric information we determine equilibrium strategies and prove their uniqueness. Then, we assume contestants to be privately informed about their costs of effort. We prove existence of a pure-strategy equilibrium and provide a...
Persistent link: https://www.econbiz.de/10003950459
Persistent link: https://www.econbiz.de/10003955325
Persistent link: https://www.econbiz.de/10009745716
Persistent link: https://www.econbiz.de/10010237482
Persistent link: https://www.econbiz.de/10010242308
We consider a general class of imperfectly discriminating contests with privately informed players. We show that findings by Athey (2001) imply the existence of a Bayesian Nash equilibrium in monotone pure strategies.
Persistent link: https://www.econbiz.de/10008822063
Persistent link: https://www.econbiz.de/10011304977