English, Article, Journal or magazine article edition: Less fighting than expected - experiments with wars of attrition and all-pay auctions Hannah Hörisch; Oliver Kirchkamp

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Bookmark: http://trove.nla.gov.au/version/1184
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Less fighting than expected - experiments with wars of attrition and all-pay auctions
Author
  • Hannah Hörisch
  • Oliver Kirchkamp
Physical Description
  • preprint
Notes
  • We use experiments to compare dynamic and static wars of attrition (i.e. second-price all-pay auctions) and first-price all-pay auctions. Many other studies find overbidding in first-price all-pay auctions. We can replicate this property. In wars of attrition, however, we find systematic underbidding. We study bids and revenue in different experimental frames and matching procedures and draw a link to the literature on stepwise linear bidding functions.
  • War of attrition, dynamic bidding, all-pay auction, stabilisation, volunteer's dilemma, experiment
  • RePEc:jrp:jrpwrp:2008-023
Language
  • English
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