کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5071748 1477071 2014 5 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
NoteAll-pay auctions with certain and uncertain prizes
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
NoteAll-pay auctions with certain and uncertain prizes
چکیده انگلیسی

We study all-pay auctions with multiple prizes. The players have the same value for all the certain prizes except for one uncertain prize for which each player has a private value. We characterize the equilibrium strategy and show that, independent of the ranking of the uncertain prize, if the uncertain prize is not the lowest one, a player's effort as well as his expected payoff increase in his value for the uncertain prize. Otherwise, if this prize is the lowest one, we obtain that a player's effort may decrease in his value for the uncertain prize but his expected utility increases.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Games and Economic Behavior - Volume 88, November 2014, Pages 130-134
نویسندگان
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