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- W3125322102 abstract "Summary We study an auction mechanism combining the war of attrition and the all-pay auction under the assumption that buyers’ signals are affiliated. We provide a sufficient condition which guarantees the existence of a symmetric, increasing equilibrium bidding strategy, but rules out full extraction of buyers’ surplus by the seller. We develop revenue comparison between the combined mechanism, the war of attrition and the all-pay auction." @default.
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- W3125322102 date "2001-01-01" @default.
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- W3125322102 title "A Class of All-pay Auctions with Affiliated Information" @default.
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- W3125322102 doi "https://doi.org/10.1017/s0770451800055779" @default.
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