English, Article, Journal or magazine article edition: A Class of All-pay Auctions with Affiliated Information Gian Luigi ALBANO

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Bookmark: http://trove.nla.gov.au/version/4651
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • A Class of All-pay Auctions with Affiliated Information
Author
  • Gian Luigi ALBANO
Physical Description
  • preprint
Notes
  • We study an auction mechanism combining the war of attrition and the all-pay auction under the assumption that buyers' signals are affiliated. We provide a sufficient condition which guarantees the existence of a symmetric, increasing equilibrium bidding strategy, but rules out full extraction of buyers' surplus by the seller. We develop revenue comparison between the combined mechanism, the war of attrition and the all-pay auction.
  • All-pay auctions, War of Attrition, Affilliated values
  • RePEc:ctl:louvre:2001012
Language
  • English
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