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
Banning Bidders from All-pay Auctions
β Scribed by Domenico Menicucci
- Publisher
- Springer
- Year
- 2005
- Tongue
- English
- Weight
- 102 KB
- Volume
- 29
- Category
- Article
- ISSN
- 0938-2259
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