Equilibrium Behavior in All-Pay Auction with Complete Information
A widely used sealed-bid auction is the first-price auction. In this auction, the highest bidder wins the item and pays the price submitted; the other bidders get and pay nothing. The all-pay auction is similar to the first-price auction, except that losers must also pay their submitted bids. The Na...
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| Published in: | Estudios Económicos |
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| Main Author: | |
| Format: | Artigo |
| Language: | Inglês |
| Published: |
El Colegio de México, A.C.
2004
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| Subjects: | |
| Online Access: | https://www.redalyc.org/articulo.oa?id=59719104 |
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