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
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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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
Journal: Games and Economic Behavior - Volume 88, November 2014, Pages 130-134
نویسندگان
Yizhaq Minchuk, Aner Sela,