Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
956662 | Journal of Economic Theory | 2014 | 19 Pages |
Abstract
I show that a unique equilibrium exists in an asymmetric two-player all-pay auction with a discrete signal structure, correlated signals, and interdependent valuations. The proof is constructive, and the construction can be implemented as a computer program and be used to derive comparative statics. I also characterize the set of equilibria when a reserve price is introduced.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Ron Siegel,