All-pay auctions with affiliated binary signals

A-Tier
Journal: Journal of Economic Theory
Year: 2019
Volume: 179
Issue: C
Pages: 99-130

Authors (3)

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

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

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

Abstract

We analyze all-pay auctions with affiliated values and binary signals. We analyze the unique symmetric equilibrium with any number of bidders and show that the bidders earn positive rents only if the equilibrium is monotone. We also characterize the symmetric equilibrium of the closely related two-player war of attrition.

Technical Details

RePEc Handle
repec:eee:jetheo:v:179:y:2019:i:c:p:99-130
Journal Field
Theory
Author Count
3
Added to Database
2026-01-25