Spiteful bidding in first-price all-pay auctions

C-Tier
Journal: Economics Letters
Year: 2025
Volume: 254
Issue: C

Authors (4)

Score contribution per author:

0.251 = (α=2.01 / 4 authors) × 0.5x C-tier

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

Abstract

We analyze the effects of spite in first-price all-pay auctions. We find that symmetric equilibria of spiteful bidders increase in spite, and that spite could explain overbidding. We compare the symmetric equilibria of spiteful bidders in first-price all-pay auctions with those of spiteful bidders in second-price all-pay auctions, as well as with those in first-price and second-price sealed bid auctions (FPA and SPA).

Technical Details

RePEc Handle
repec:eee:ecolet:v:254:y:2025:i:c:s016517652500299x
Journal Field
General
Author Count
4
Added to Database
2026-01-25