An elementary proof of the common maximal bid in asymmetric first-price and all-pay auctions
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DOI: 10.1016/j.econlet.2013.11.034
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References listed on IDEAS
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Cited by:
- Yizhaq Minchuk, 2014. "Aggressive Bidding of Weak Bidders in All-Pay Auction," Economics Bulletin, AccessEcon, vol. 34(3), pages 1665-1668.
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More about this item
Keywords
Asymmetric auctions; First-price auctions; Maximal bid; All-pay auctions;All these keywords.
JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
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