Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062355 | Economics Letters | 2006 | 7 Pages |
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
Authors
Ilaria Cingottini, Domenico Menicucci,