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Xiaopeng Xu
''The effect of the status quo tie-breaking rule on prize winning''
( 2002, Vol. 4 No.2 )
This paper considers a contest in which two identical players participate to compete for an indivisible prize. It is shown that, in the presence of incomplete information, the player favored by the status quo tie-breaking rule may be less likely to get the prize than his competitor, even though, under the coin toss tie-breaking rule, the two players participate with the same positive probability and hence are equally likely to get the prize.
JEL: D8 - Information, Knowledge, and Uncertainty: General
Manuscript Received : Jan 09 2002 Manuscript Accepted : Jan 18 2002

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