Tullock contests reward information advantages

Avishay Aiche; Ezra Einy; Ori Haimanko; Diego Moreno; Aner Sela; Benyamin Shitovitz

doi:10.1016/j.econlet.2018.08.017

Tullock contests reward information advantages

Avishay Aiche, Ezra Einy, Ori Haimanko, Diego Moreno, Aner Sela, Benyamin Shitovitz

Ben-Gurion University of the Negev, University of Haifa

Research output: Contribution to journal › Article › peer-review

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.

Original language	American English
Pages (from-to)	34-36
Number of pages	3
Journal	Economics Letters
Volume	172
DOIs	https://doi.org/10.1016/j.econlet.2018.08.017
State	Published - 1 Nov 2018

Keywords

Common value
Information advantage
Tullock contests

All Science Journal Classification (ASJC) codes

Finance
Economics and Econometrics

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10.1016/j.econlet.2018.08.017

Cite this

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title = "Tullock contests reward information advantages",

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 = "Common value, Information advantage, Tullock contests",

author = "Avishay Aiche and Ezra Einy and Ori Haimanko and Diego Moreno and Aner Sela and Benyamin Shitovitz",

note = "Publisher Copyright: {\textcopyright} 2018 Elsevier B.V.",

year = "2018",

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doi = "10.1016/j.econlet.2018.08.017",

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AU - Aiche, Avishay

AU - Einy, Ezra

AU - Haimanko, Ori

AU - Moreno, Diego

AU - Sela, Aner

AU - Shitovitz, Benyamin

PY - 2018/11/1

Y1 - 2018/11/1

N2 - 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.

AB - 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.

KW - Common value

KW - Information advantage

KW - Tullock contests

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U2 - 10.1016/j.econlet.2018.08.017

DO - 10.1016/j.econlet.2018.08.017

M3 - Article

SN - 0165-1765

VL - 172

SP - 34

EP - 36

JO - Economics Letters

JF - Economics Letters

ER -

Tullock contests reward information advantages

Abstract

Keywords

All Science Journal Classification (ASJC) codes

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