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Optimal All-pay Auction When Signals Are Correlated

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  • Monteiro, Paulo Klinger

Abstract

In this note I prove the existence of the optimal-pay auction when signals are correlated.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Monteiro, Paulo Klinger, 2000. "Optimal All-pay Auction When Signals Are Correlated," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 54(2), April.
    • Handle: RePEc:fgv:epgrbe:v:54:y:2000:i:2:a:771
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    File URL: https://periodicos.fgv.br/rbe/article/view/771
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    References listed on IDEAS

    as
    1. Bulow, Jeremy I. & Klemperer, Paul, 1994. "Auctions vs. Negotiations," CEPR Discussion Papers 924, C.E.P.R. Discussion Papers.
    2. Michael R. Baye & Dan Kovenock & Casper G. Vries, 1996. "The all-pay auction with complete information," Springer Books, in: Roger D. Congleton & Arye L. Hillman & Kai A. Konrad (ed.), 40 Years of Research on Rent Seeking 1, pages 209-223, Springer.
    3. McAfee, R Preston & Reny, Philip J, 1992. "Correlated Information and Mechanism Design," Econometrica, Econometric Society, vol. 60(2), pages 395-421, March.
    4. Page Jr., Frank H., 1998. "Existence of optimal auctions in general environments," Journal of Mathematical Economics, Elsevier, vol. 29(4), pages 389-418, May.
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    More about this item

    JEL classification:

    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions

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