Browsing Department of Economics by Subject "All-pay auctions, common values, correlated signals, non-monotone equilibria, rent dissipation"
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An analysis of the two-bidder all-pay auction with common values
(DP SAM;17/2018, Working paper, 2018-08)This paper studies a symmetric two-bidder all-pay auction where the bidders compete for a prize whose unknown common value is either high or low. The bidders’ private signals (or types) are discrete and affiliated through ...