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.
引用
收藏
页数:3
相关论文
共 50 条
[31]   Contests-a comparison of timing and information structures [J].
Ludwig, Sandra .
PUBLIC CHOICE, 2012, 153 (3-4) :341-355
[32]   Risk aversion in symmetric and asymmetric contests [J].
Cornes, Richard ;
Hartley, Roger .
ECONOMIC THEORY, 2012, 51 (02) :247-275
[33]   Asymmetric contests with initial probabilities of winning [J].
Baik, Kyung Hwan ;
Jung, Hanjoon Michael .
INTERNATIONAL JOURNAL OF ECONOMIC THEORY, 2019, 15 (04) :385-398
[34]   The evolutionary stability of in-group altruism in productive and destructive group contests [J].
Cheikbossian, Guillaume .
JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, 2021, 188 :236-252
[35]   Asymmetric information and monetary policy in common currency areas [J].
Bottazzi, L ;
Manasse, P .
JOURNAL OF MONEY CREDIT AND BANKING, 2005, 37 (04) :603-621
[36]   The value of information in asymmetric all-pay auctions [J].
Seel, Christian .
GAMES AND ECONOMIC BEHAVIOR, 2014, 86 :330-338
[37]   Stability of dynamic asymmetric contests with endogenous prizes [J].
Matsumoto, Akio ;
Szidarovszky, Ferenc .
JOURNAL OF ECONOMIC INTERACTION AND COORDINATION, 2022, 17 (01) :29-40
[38]   Common knowledge of rationality and market clearing in economies with asymmetric information [J].
Ben-Porath, Elchanan ;
Heifetz, Aviad .
JOURNAL OF ECONOMIC THEORY, 2011, 146 (06) :2608-2626
[39]   Regulating national firms in a common market under asymmetric information [J].
Biancini, Sara .
ECONOMIC MODELLING, 2018, 68 :450-460
[40]   Common agency and public good provision under asymmetric information [J].
Martimort, David ;
Moreira, Humberto .
THEORETICAL ECONOMICS, 2010, 5 (02) :159-213