Tullock contests may be revenue superior to auctions in a symmetric setting
We consider a symmetric two-player common-value setting where each player gets a private signal about the object value. We show that for some parameter values the equilibrium revenue can be higher in a Tullock contest than in the standard auctions.
| Main Authors: | , |
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| Format: | Article |
| Published: |
Elsevier
2016
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| Online Access: | https://eprints.nottingham.ac.uk/32514/ |
| Summary: | We consider a symmetric two-player common-value setting where each player gets a private signal about the object value. We show that for some parameter values the equilibrium revenue can be higher in a Tullock contest than in the standard auctions. |
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