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After the publication of this work, the first author did not take financial support from the original affiliation for this work and no longer subjects to the conditions for its support and thus corrects the funding sources and the affiliations below. The acknowledgement for the funding sources should be as follows: “The authors acknowledge the financial support from the National Natural Science Foundation of China [No. 71973040 and No. 11701432 (Chen); No. 71471118 and No. 71871145 (Ma)]”. The affiliations of the first author should be as follows: Shenzhen MSU-BIT University, China Southern Methodist University, United States Hubei University of Economics, China The authors apologise for any inconvenience caused.

After the publication of this work, the first author did not take financial support from the original affiliation for this work and no longer subjects to the conditions for its support and thus corrects the funding sources and the affiliations below. The acknowledgement for the funding sources should be as follows: “The authors acknowledge the financial support from the National Natural Science Foundation of China [No. 71973040 and No. 11701432 (Chen); No. 71471118 and No. 71871145 (Ma)]”. The affiliations of the first author should be as follows: Shenzhen MSU-BIT University, China Southern Methodist University, United States Hubei University of Economics, China The authors apologise for any inconvenience caused.

After the publication of this work, the first author did not take financial support from the original affiliation for this work and no longer subjects to the conditions for its support and thus corrects the funding sources and the affiliations below. The acknowledgement for the funding sources should be as follows: “The authors acknowledge the financial support from the National Natural Science Foundation of China [No. 71973040 and No. 11701432 (Chen); No. 71471118 and No. 71871145 (Ma)]”. The affiliations of the first author should be as follows: Shenzhen MSU-BIT University, China Southern Methodist University, United States Hubei University of Economics, China The authors apologise for any inconvenience caused.

This paper examines the effects of disclosing the actual number of bidders in contests with stochastic entry and with resource constraint. We study an all-pay auction with complete information. The auction entails one prize and n potential bidders. Each potential bidder has an exogenous probability of participation and faces an exogenous bid cap. It is shown that the contest organizer prefers fully concealing the information about the number of participating bidders. We extend the result to a case with endogenous entry. © 2019 Elsevier B.V.

This paper examines the effects of disclosing the actual number of bidders in contests with stochastic entry and with resource constraint. We study an all-pay auction with complete information. The auction entails one prize and n potential bidders. Each potential bidder has an exogenous probability of participation and faces an exogenous bid cap. It is shown that the contest organizer prefers fully concealing the information about the number of participating bidders. We extend the result to a case with endogenous entry. © 2019 Elsevier B.V.