Article ID Journal Published Year Pages File Type
5062355 Economics Letters 2006 7 Pages PDF
Abstract

In an all-pay auction with risk averse bidders, the seller's revenue is decreasing in the number of competitors if either the bidders are very risk averse or the distribution for the valuations attaches probability almost one to a single value.

Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
On the profitability of reducing competition in all-pay auctions with risk averse bidders
Authors
, ,