Activity and inactivity in a rent-seeking contest with private information
Lambert Schoonbeek and
Barbara Winkel
Public Choice, 2006, vol. 127, issue 1, 123-132
Abstract:
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. Copyright Springer Science + Business Media, Inc. 2006
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:kap:pubcho:v:127:y:2006:i:1:p:123-132
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DOI: 10.1007/s11127-006-7974-y
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