Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5071463 | Games and Economic Behavior | 2016 | 11 Pages |
Abstract
In the important contribution “All pay auctions with certain and uncertain prizes” published in Minchuk and Sela (2014), the authors analyze an all pay auction with multiple prizes. The specific feature of the model is that all valuations are common except for the valuation of one of the prizes, for which contestants have private valuations. However, the equilibrium characterization derived in the paper is incorrect. This paper provides the correct equilibrium characterization of the model.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Christian Riis,