Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5058265 | Economics Letters | 2016 | 4 Pages |
Abstract
â¢A symmetric two-player common-value setting with signals is considered.â¢Equilibrium revenue of the Tullock contest is compared to that of the auctions.â¢For some parameters, revenue may be higher in the contest than in the auctions.
We consider a symmetric two-player common-value setting where each player gets a private signal about the object value. We show that for some parameter values the equilibrium revenue can be higher in a Tullock contest than in the standard auctions.
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Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Alexander Matros, Alex Possajennikov,