Activity and inactivity in a rent-seeking contest with private information

被引:15
作者
Schoonbeek, L [1 ]
Winkel, BM [1 ]
机构
[1] Univ Groningen, Dept Econ, NL-9700 AV Groningen, Netherlands
关键词
Public Finance; Private Information; Equilibrium Effort; Identical Valuation;
D O I
10.1007/s11127-006-7974-y
中图分类号
F [经济];
学科分类号
02 ;
摘要
We consider a rent-seeking contest in which one player has private information about his own valuation of the prize. This valuation may be either high or low. All other players have a known and identical valuation of the prize. We present necessary and sufficient conditions under which the privately informed player exerts a positive or zero equilibrium effort.
引用
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页码:123 / 132
页数:10
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