Large all-pay auctions with IPV bidders

A-Tier
Journal: Journal of Economic Theory
Year: 2017
Volume: 169
Issue: C
Pages: 629-640

Authors (2)

Murto, Pauli (not in RePEc) Välimäki, Juuso (Aalto-yliopisto)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This note analyzes different types of all-pay auctions when the number of bidders becomes large. We compute the distributions of the highest bids for the first-price all pay auction and we show that the expected payment made by the winning bidder converges to half of the total payments. In the second-price all-pay auction (the war of attrition), the highest bid amounts to about 35.5% of the total revenues. We also compute the payments for all-pay auctions with multiple prizes.

Technical Details

RePEc Handle
repec:eee:jetheo:v:169:y:2017:i:c:p:629-640
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29