• All-pay auctions with affiliated values 

      Chi, Chang Koo; Murto, Pauli; Välimäki, Juuso (DP SAM;13/2017, Working paper, 2017-08)
      This paper analyzes all-pay auctions where the bidders have affiliated values for the object for sale and where the signals take binary values. Since signals are correlated, high signals indicate a high degree of competition ...