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Information acquisition in an all-pay auction contest
(2023)
We develop a two-player all-pay auction model where an incumbent competes with an entrant. The incumbent’s valuation is publicly known, whereas the entrant’s valuation is unknown but has a publicly known prior distribution. ...
Asymmetric auctions and risk aversion within independent private values
(Escola de Pós-Graduação em Economia da FGV, 2007)
We study tournaments with many ex-ante asymmetric (heterogeneous) contestants as an independent-private-values all-pay auction. The asymmetry is either with respect to the distribution of valuations for the prize or the ...
Non-monotoniticies and the all-pay auction tie-breaking rule
(Springer, 2008-06)
Discontinuous games, such as auctions, may require special tie-breaking rules to guarantee equilibrium existence. The best results available ensure equilibrium existence only in mixed strategy with endogenously defined ...
Optimal All-pay Auction When Signals Are Correlated
(EGV EPGE, 2000)
Optimal All-pay Auction When Signals Are Correlated
(EGV EPGE, 2000)
Procuring substitutes with (fine-tuned) first-price auctions
(North-holland, 2018-10)
Suppose a firm uses inputs that are substitutes. Each input is supplied by a single contractor. The firm would like to make suppliers compete. However, since inputs are imperfect substitutes, resorting to winner-take-all ...
Equilibrium behavior in all-pay auction with complete information
(El Colegio de México, Centro de Estudios Económicos, 2012)
All-pay auctions with endogenous asymmetries
(Escola de Pós-Graduação em Economia da FGV, 2004-03-18)
We study N-bidders, asymmetric all-pay auctions under incomplete information. First, we solve for the equilibrium of a parametric model. Each bidder’s valuation is independently drawn from an uniform [0, αi] where the ...
Pure strategy equilibria of multidimensional and non-monotonic auctions
(Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2004-11-01)
We give necessary and sufficient conditions for the existence of symmetric equilibrium without ties in interdependent values auctions, with multidimensional independent types and no monotonic assumptions. In this case, ...
Information provision in procurement auctions
(Universidad del RosarioFacultad de Economía, 2013)
We analyze the optimal provision of information in a procurement auction with horizontally differentiated goods. The buyer has private information about her preferred location on the product space and has access to a ...