Abstract
This paper considers participation in deterministic contests for m≥. 1 identical prizes, which employ an auction-like rule to determine the winners. In most papers that investigate such models, participation by precisely m+. 1 players is associated with players having complete information about their opponents' characteristics, and participation by more than m+. 1 players is associated with players having incomplete information about their opponents' characteristics. I show that incomplete information is in fact neither sufficient nor necessary for participation by more than m+. 1 players.
Original language | English (US) |
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Pages (from-to) | 588-592 |
Number of pages | 5 |
Journal | Economics Letters |
Volume | 116 |
Issue number | 3 |
DOIs | |
State | Published - Sep 1 2012 |
All Science Journal Classification (ASJC) codes
- Finance
- Economics and Econometrics