Showing 1 - 10 of 257
In a (first price) all-pay auction, bidders simultaneously submit bids for an item. All players forfeit their bids, and the high bidder receives the item. This auction is widely used in economics to model rent seeking, R&D races, political contests, and job promotion tournaments. We fully...
Persistent link: https://www.econbiz.de/10005370654
Persistent link: https://www.econbiz.de/10007435107
Persistent link: https://www.econbiz.de/10006869166
Persistent link: https://www.econbiz.de/10010023492
Persistent link: https://www.econbiz.de/10006575199
Persistent link: https://www.econbiz.de/10009818727
A simple auction-theoretic framework is used to examine symmetric litigation environments where the legal ownership of a disputed asset is unknown by the court. The court observes only the quality of the case presented by each party, and awards the asset to the party presenting the best case....
Persistent link: https://www.econbiz.de/10005766092
Persistent link: https://www.econbiz.de/10005499252
This paper presents a unified framework for characterizing symmetric equilibrium in simultaneous move, two-player, rank-order contests with complete information, in which each player’s strategy generates direct or indirect affine “spillover” effects that depend on the rank-order of her...
Persistent link: https://www.econbiz.de/10005453626
Persistent link: https://www.econbiz.de/10005408759