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-pay auction with complete information and identity-dependent externalities. This condition shows that the generic equilibrium of … the standard all-pay auction is robust to the introduction of "small" identity-dependent externalities. In general …, however, the presence of identity-dependent externalities invalidates well-established qualitative results concerning the set …
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. -- All-pay auctions ; charity ; complete information ; externalities …
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-pay auction with complete information and identity-dependent externalities. This condition shows that the generic equilibrium of … the standard all-pay auction is robust to the introduction of "small" identity-dependent externalities. In general …, however, the presence of identity-dependent externalities invalidates well-established qualitative results concerning the set …
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Recent literature has shown that all-pay auctions raise more money for charity than winner-pay auctions. We demonstrate that the first and second-price winner-pay auctions generate higher revenue than first-price all-pay auctions when bidders are sufficiently asymmetric. To prove it, we consider...
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