Abstract
We consider a rent-seeking contest in which one player has private information about his own valuation of the prize. This valuation may be either high or low. All other players have a known and identical valuation of the prize. We present necessary and sufficient conditions under which the privately informed player exerts a positive or zero equilibrium effort.
Original language | English |
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Pages (from-to) | 123-132 |
Number of pages | 10 |
Journal | Public Choice |
Volume | 127 |
Issue number | 1-2 |
DOIs | |
Publication status | Published - Apr-2006 |