𝔖 Bobbio Scriptorium
✦   LIBER   ✦

All–Pay Auctions with Variable Rewards

✍ Scribed by Todd Kaplan; Israel Luski; Aner Sela; David Wettstein


Book ID
108516365
Publisher
John Wiley and Sons
Year
2002
Tongue
English
Weight
146 KB
Volume
50
Category
Article
ISSN
0022-1821

No coin nor oath required. For personal study only.


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Harmful competition in all-pay auctions
✍ Domenico Menicucci 📂 Article 📅 2009 🏛 Elsevier Science 🌐 English ⚖ 686 KB

We consider an all-pay auction in a standard symmetric independent private value setting with a risk averse seller. We prove that if the distribution for the bidders' valuations attaches probability almost one to a single value, then the seller prefers that only two bidders participate in the auctio