Optimal Accuracy of Unbiased Tullock Contests with Two Heterogeneous Players
I characterize the optimal accuracy level <i>r</i> of an unbiased Tullock contest between two players with heterogeneous prize valuations. The designer maximizes the winning probability of the strong player or the winner’s expected valuation by choosing a contest with an all-pay auction...
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| Format: | Article |
| Language: | English |
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MDPI AG
2022-03-01
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| Series: | Games |
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| Online Access: | https://www.mdpi.com/2073-4336/13/2/24 |