Common-value group contests with asymmetric information

被引:2
|
作者
Cohen, Din [1 ]
Sela, Aner [1 ]
机构
[1] Ben Gurion Univ Negev, Dept Econ, IL-84105 Beer Sheva, Israel
关键词
Group contests; Asymmetric information; RENT-SEEKING;
D O I
10.1016/j.econlet.2020.109164
中图分类号
F [经济];
学科分类号
02 ;
摘要
We study contests between two groups where all the players have a common value of winning. In each group one of the players has an information advantage over the other players. This player is referred to as the dominant player. We show that a group contest is equivalent to a contest between the dominant players, and, as such, the expected total effort of both groups is always the same, while their probabilities of winning as well their expected total payoff are not. (C) 2020 Elsevier B.V. All rights reserved.
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页数:3
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