Krumer, Alex; Megidish, Reut; Sela, Aner - C.E.P.R. Discussion Papers - 2014
We study round-robin tournaments with three players whose values of winning are common knowledge. In every stage a pair-wise match is modelled as an all-pay auction. The player who wins in two matches wins the tournament. We characterize the sub-game perfect equilibrium for symmetric (all...