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modeled as all-pay auctions with identity-dependent externalities. In this context, we define centrists and radicals using a …
Persistent link: https://www.econbiz.de/10010547898
The Babylonian bridal auction, described by Herodotus, is regarded as one of the earliest uses of an auction in history. Yet, to our knowledge, the literature lacks a formal equilibrium analysis of this auction. We provide such an analysis for the two-player case with complete and incomplete...
Persistent link: https://www.econbiz.de/10008511607