Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5059796 | Economics Letters | 2013 | 4 Pages |
Abstract
Consider a contest for a prize in which each player knows his/her own ability, but may or may not know those of his/her rivals (the complete or incomplete information regimes). Our main result is that, if the value of the prize is high, more effort and output are engendered under incomplete information, whereas, if the value is low, that distinction goes to complete information.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Pradeep Dubey,