Sahuguet, Nicolas - In: Economics Bulletin 3 (2006) 9, pp. 1-8
We study asymmetric all-pay auctions where two privately informed agents bid for a prize. We show that capping the bids is profitable for a designer who wants to maximize the sum of bids (revenue). This finding confims the results of Che and Gale (1998) in the context of incomplete information...
