The All-Pay Auction with Complete Information¶
Baye, M. R., Kovenock, D., & de Vries, C. G. (1996). The All-Pay Auction with Complete Information. Economic Theory, 8(2), 291-305.
Cited by¶
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Primes¶
- War Of Attrition
- The all-pay auction, in which each bidder pays its bid whether or not it wins, is the discrete-bid limit of the same mechanism and produces analogous dissipation.
This sourceCharacterizes all-pay auction equilibria, in which expended bids dissipate the prize — the discrete-bid analogue of attrition dissipation.
- The all-pay auction, in which each bidder pays its bid whether or not it wins, is the discrete-bid limit of the same mechanism and produces analogous dissipation.
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