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Multi-player contests with asymmetric information

Wärneryd, Karl - In: Economic Theory 51 (2012) 2, pp. 277-287

We consider imperfectly discriminating, common-value, all-pay auctions (or contests) in which some players know the …

Persistent link: https://www.econbiz.de/10010993522

Morath, Florian; Münster, Johannes - In: Economic Theory 54 (2013) 1, pp. 99-129

This paper considers incentives for information acquisition ahead of conflicts. First, we characterize the (unique) equilibrium of the all-pay auction between two players with one-sided asymmetric information where one player has private information about his valuation. Then, we use our results...

Persistent link: https://www.econbiz.de/10010993555

The optimal allocation of prizes in contests: An auction approach

Yoon, Kiho - Institute of Economic Research, Korea University - 2012

We characterize the optimal structure of prizes in contests, when the contest designer is interested in the …-558) incomplete-information model of contests as well as other results in a particularly simple fashion. …

Persistent link: https://www.econbiz.de/10010856714

A survey of experimental research on contests, all-pay auctions and tournaments

Dechenaux, Emmanuel; Kovenock, Dan; Sheremeta, Roman M. - Wissenschaftszentrum Berlin für Sozialforschung (WZB) - 2012

Many economic, political and social environments can be described as contests in which agents exert costly efforts … while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all …-pay auctions and rankorder tournaments. This survey provides a review of experimental research on these three canonical contests …

Persistent link: https://www.econbiz.de/10010956218

Unfair contests

Feess, E.; Muehlheusser, Gerd; Walzl, M. - In: Journal of Economics 93 (2008) 3, pp. 267-291

Persistent link: https://www.econbiz.de/10009327520

Silent interests and all-pay auctions

Konrad, Kai Andreas - Abteilung "Marktprozesse und Steuerung", … - 2005

If firms compete in all-pay auctions with complete information, silent shareholdings introduce asymmetric externalities into the all-pay auction framework. If the strongest firm owns a large share in the second strongest firm, this may make the strongest firm abstain from bidding. As a...

Persistent link: https://www.econbiz.de/10009367874

Information acquisition in conflicts

Morath, Florian; Münster, Johannes - Abteilung "Marktprozesse und Steuerung", … - 2009

This paper considers incentives for information acquisition ahead of conflicts. We characterize the (unique) equilibrium of the all-pay auction between two players with one-sided asymmetric information. The type of one player is common knowledge. The type of the other player is drawn from a...

Persistent link: https://www.econbiz.de/10009367915

Handicaps in incomplete information all-pay auctions with a diverse set of bidders

Kirkegaard, René - In: European Economic Review 64 (2013) C, pp. 98-110

In many contests, a subset of contestants is granted preferential treatment which is presumably intended to be …

Persistent link: https://www.econbiz.de/10010729778

On asymmetry in all-pay auctions

Yoon, Kiho - Institute of Economic Research, Korea University - 2012

This paper examines the role of asymmetry in all-pay auctions. In particular, this paper decomposes a change in players' valuations into the absolute change and the relative change, and analyzes how these changes a¢çect total expenditures. An increase in the sum of players' valuations...

Persistent link: https://www.econbiz.de/10010641739

Bid caps in large contests

Olszewski, Wojciech; Siegel, Ron - In: Games and economic behavior 115 (2019), pp. 101-112

Persistent link: https://www.econbiz.de/10012175475