Activity and inactivity in a rent-seeking contest with private information |
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| Authors: | Lambert Schoonbeek Barbara M. Winkel |
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| Affiliation: | 1. Department of Economics, University of Groningen, P.O. Box 800, 9700 AV, Groningen, The Netherlands
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| 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. |
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