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Tullock Contests Reward Information Advantages

Benyamin Shitovitz, A. Selay, Ori Haimanko, Ezra Einy, A. Aiche and Diego Moreno ()

UC3M Working papers. Economics from Universidad Carlos III de Madrid. Departamento de Economía

Abstract: In Tullock contests in which the common value of the prize is uncertain, information advantages are rewarded: if a player i has better information about the value than some other player j, then the payoff of i is greater or equal to the payoff of j, regardless of the information of the other players.

Keywords: Tullock; Contests; Common; Value; Information; Advantage (search for similar items in EconPapers)
JEL-codes: C72 D44 D82 (search for similar items in EconPapers)
Date: 2018-06-28
New Economics Papers: this item is included in nep-des, nep-gth, nep-knm and nep-mic
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Citations: View citations in EconPapers (4) Track citations by RSS feed

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