All–Pay Auctions with Variable Rewards

A-Tier
Journal: Journal of Industrial Economics
Year: 2002
Volume: 50
Issue: 4
Pages: 417-430

Authors (4)

Todd Kaplan (University of Haifa) Israel Luski (not in RePEc) Aner Sela (Ben Gurion University of the N...) David Wettstein (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 4 authors) × 2.0x A-tier

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

Abstract

We study all–pay auctions with variable rewards under incomplete information. In standard models, a reward depends on a bidder’s privately known type; however, in our model it is also a function of his bid. We show that in such models there is a potential for paradoxical behavior where a reduction in the rewards or an increase in costs may increase the expected sum of bids or alternatively the expected highest bid.

Technical Details

RePEc Handle
repec:bla:jindec:v:50:y:2002:i:4:p:417-430
Journal Field
Industrial Organization
Author Count
4
Added to Database
2026-01-25