Segev, Ella; Sela, Aner - In: Journal of Mathematical Economics 50 (2014) C, pp. 251-261
We study a sequential all-pay auction with two contestants who are privately informed about a parameter (ability) that affects their cost of effort. Contestant 1 (the first mover) exerts an effort in the first period which translates into an observable output, but with some noise, and contestant...