Feess, Eberhard; Muehlheusser, Gerd; Walzl, Markus - University of Bonn, Germany - 2002
We consider a standard two-player all-pay auction with private values, where the valuation for the object is private information to each bidder. The crucial feature is that one bidder is favored by the allocation rule in the sense that he need not bid as much as the other bidder to win the...
