Perfectly discriminating contests (or all pay auction) are widely used as a model of situations where individuals …

We analyze a divisible good uniform‐price auction that features two groups, each with a finite number of identical …

auction to guard against firms bidding low to win the contract and then cutting back on effort. While competition helps reduce …

Intuition suggests that an auction maximizes revenue for the seller; yet empirically, many companies sell their … businesses in a negotiation with one buyer. I argue that, when potential buyers are market competitors, an auction may generate … lower revenue for the seller. First, in an auction, private information of the seller is disclosed to all bidders during the …

into the allpay auction framework. If the strongest firm owns a large share in the second strongest firm, this may make the …

the spot market. -- capacity market ; procurement auction ; electricity market ; competitive equilibrium …