We examine optimal information disclosure through Bayesian persuasion in a two‐player contest. One contestant's valuation is commonly known and the other's is his private …
D Ryvkin, M Drugov - Theoretical Economics, 2020 - Wiley Online Library
In winner‐take‐all tournaments, agents' performance is determined jointly by effort and luck, and the top performer is rewarded. We study the impact of the “shape of luck”—the details of …
J Lu, H Ma, Z Wang - Economic Inquiry, 2018 - Wiley Online Library
In this paper, we study information disclosure policies in all‐pay auctions with incomplete information. Two symmetric players have either high or low private value. The contest …
Q Fu, Q Jiao, J Lu - International Journal of Game Theory, 2015 - Springer
This paper studies the effort-maximizing design of a complete-information contest with endogenous entry. A fixed pool of homogenous potential players with identical marginal …
We use a laboratory experiment to study the effects of disclosing the number of active participants in contests with endogenous entry. At the first stage, potential participants …
In many contest situations, the number of participants is not observable at the time of investment. We design a laboratory experiment to study individual behavior in Tullock …
Following a Bayesian persuasion approach, we establish that full disclosure (resp. concealment) is the contest organizer's effort-maximizing policy for disclosing the number of …
Considered are imperfectly discriminating contests in which players may possess private information about the primitives of the game, such as the contest technology, valuations of …
A contestant's effort depends on her knowledge of her rival's type. This knowledge is often limited in real-life contests. We propose a model where the principal of a contest has …