This is a postprint version of the following published document: Einy, E., Moreno, D. and Shitovitz, B. (2017). The value of public information in common-value Tullock contests. Economic Theory, v. 63, n. 4, pp. 925-942. Available in: https://doi.org/10.1007/s00199-016-0974-3 © Springer Verlag