๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

HARMFUL TAX COMPETITION?

โœ Scribed by Richard Teather


Book ID
108556675
Publisher
John Wiley and Sons
Year
2002
Tongue
English
Weight
157 KB
Volume
22
Category
Article
ISSN
0265-0665

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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